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Sumitomo Mitsui Financial Group will invest approximately 5% in the joint venture SBI Startale Marketing, a collaboration between SBI Holdings and Startale Group, with the related investment to be completed soon. Sumitomo Mitsui FG and SBI are developing capital business partnerships, intending to leverage their customer base to develop financial services using the yen stablecoin JPYSC for asset management and payment scenarios.The joint venture is responsible for the planning of JPYSC applications and the development of blockchain financial products. After Sumitomo Mitsui FG's participation, the circulation and usage will further expand. JPYSC is issued by SBI Shinsei Trust Bank, with SBI VC Trade responsible for its circulation. It is a trust-type yen stablecoin that started offering on June 24, with an issuance balance of approximately 20.8 billion yen. Sumitomo Mitsui Bank has about 24 million individual customers and may consider using JPYSC for blockchain financial product settlements and instant settlements in the future.Sumitomo Mitsui Bank is also advancing the joint issuance of stablecoins with Mitsubishi UFJ, Mizuho, and others, and has announced empirical experiments to confirm the feasibility of the joint issuance model.

According to crypto journalist Eleanor Terrett, in response to claims that a Nasdaq representative attempted to dissuade listed companies from tokenizing stocks through OKXICE's TSV program, a Nasdaq spokesperson declined to comment.Nasdaq reiterated that it does not plan to participate in a trading platform operating under the SEC's innovation exemption, believing that this is not the best path to achieve tokenization. It will continue to promote a Nasdaq equity token model centered around issuers, achieving tokenization within the existing market framework.

The blockchain infrastructure company Gattaca announced the launch of the open-source Ethereum consensus client Silver. The company operates the Ethereum block builder Titan Builder and the relay Titan Relay. Gattaca stated that Silver was built from scratch, aiming to support shorter time slots and post-quantum security while maintaining decentralization, censorship resistance, privacy, and security. Currently, Silver is in the alpha stage, with audits and final testing yet to be completed.Gattaca claims that Silver's state transition function has a p99 latency of less than 10 milliseconds, approximately 10 times faster than other clients. During the mainnet window from October 17 to 20, 2026, Silver, Prysm, Lighthouse, and Grandine processed the same 20,300 canonical blocks. The median block processing latency for Silver was 6.5 milliseconds, with a p99 of 9.5 milliseconds, and the slowest block in the sample was 17.8 milliseconds; the second-lowest median was 33.5 milliseconds, and the second-lowest p99 was 91 milliseconds. All four clients operated as supernodes, subscribing to all 64 proof subnets and hosting all 128 data columns, with the executing client being ethrex v29.0.1.The above comparison used consensus processing metrics available for each client, excluding execution client processing time. Silver is based on Gattaca's Flux framework, using six threads bound to CPU cores for parallel processing, and comes with a low-latency peer-to-peer network, state hash library, formally verified BLS and KZG cryptographic libraries, and a node cluster for penalty protection. In another comparison, supernodes needed to verify about 32 times the proofs and about 16 times the KZG unit proofs relative to the default configuration, with block processing latency and resident memory still within a similar range.

On October 28, Jack Cable, co-founder of AI coding security company Corridor, and Ashwin Ramaswami published an article on the Cognition official website stating that Corridor will join Cognition and take Devin Security to the next stage. Cognition later stated on X that the company is acquiring Corridor. Cognition is the developer of AI software engineer Devin.Jack Cable and Ashwin Ramaswami wrote that Corridor was founded about two years ago with the mission of accelerating secure and autonomous software development, and it has now become a security layer for AI-native teams. The two stated that they will collaborate with Cognition President and early Corridor advisor Russell Kaplan, Chief Security Officer Alex Stamos, and Chief Technology Officer Steven Hao. They also mentioned that throughout their careers, they have discovered and fixed vulnerabilities in critical systems and believe that AI agents are now capable of executing end-to-end attack chains, necessitating new tools for defenders.Previously, Corridor announced in August 2025 the completion of a $5.4 million seed round led by Conviction, and in March 2026 announced the completion of a $25 million Series A round led by Felicis, with a valuation of $200 million, with participation from Conviction, Timeless, Lux Capital, Datadog, SV Angel, and others. Its product positioning is to embed security controls in the process of AI-generated code, rather than adding security measures after the code is written.

According to Catcher Predict monitoring, in the market prediction event "Panthers vs. Packers" on Polymarket, the "Panthers" option in the sub-market "1H Spread -8.5" experienced a dramatic fluctuation in winning probability, plummeting from 50% an hour ago to the current 15% (a fluctuation of 35%). Please note the impact of related breaking news.

The cryptocurrency investment firm 1kx released a report stating that publicly listed companies contributed 16% of the blockchain industry's revenue in 2026, more than doubling from 7% in 2022. The report compiled data from over 2,600 protocols and the financial reports of 104 publicly listed companies, with data up to the third quarter; revenue remains concentrated among a few enterprises, with the top six publicly listed companies accounting for about 50% to 60% of that group's revenue.1kx expects the total revenue of the blockchain industry to decline by 28% year-on-year in 2026 to approximately $100 billion, but the share of publicly listed companies continues to expand. Circle's listing in 2025 brought new trading listings, combined with revenue growth from existing companies, driving the share increase; the blockchain-related revenue of the top ten publicly listed companies in the study has doubled over the past three years. In the first half of 2026, Coinbase and Circle together generated approximately $3.3 billion in blockchain-related revenue, publicly listed Bitcoin mining companies around $2 billion, and traditional financial institutions such as JPMorgan, BlackRock, CME Group, Visa, and Robinhood collectively about $1.1 billion.The report also pointed out that revenue from broader economic activities in the third quarter surpassed blockchain infrastructure revenue for the first time, at approximately $5.3 billion and $5.1 billion, respectively. Categories such as tokenized assets, payments, and prediction markets grew by 58% year-on-year in the first half of 2026, with institutional adoption accounting for a total of 33% of the blockchain's total revenue in the third quarter, and an expected annual share of 30%. Data from RWA.xyz shows that the scale of tokenized real-world assets grew by about 51% over the past year, rising from $26.16 billion in October 2025 to $39.54 billion; tokenized stocks grew 471% during the same period to $3.77 billion.

The Stellar Development Foundation (SDF) announced a strategic investment in the Asia-Pacific digital market infrastructure operator Marketnode to expand the channels for institutional investors to access tokenized real-world financial assets through the Stellar network.Marketnode is supported by Euroclear, HSBC, Singapore Exchange Group, and Temasek, with operations covering the issuance, distribution, and servicing of funds, credit, and structured products, connecting asset management institutions, issuers, distributors, and qualified investors.

According to official news, Backpack has reached a strategic cooperation with South Korea's SK Securities, planning to provide eligible global investors with access to Korean stock trading channels through the Backpack app. This collaboration will combine SK Securities' expertise in the Korean capital market with Backpack's global user coverage, and further explore cooperation in the fields of tokenized securities and real-world assets (RWA) based on the existing US stock securities platform.

According to Gate market data, the European Stoxx 600 Index's increase has expanded to 1%, reaching a new intraday high.

U.S. Senator Bill Hagerty stated in an interview with Bitcoin Magazine that the only solution for some members of Congress regarding the cryptocurrency industry is central bank digital currency (CBDC), which is "completely incompatible with freedom." He believes that the ambiguity of regulations allows former SEC Chairman Gary Gensler to take enforcement actions against the cryptocurrency industry, while the government's light-touch regulation helps foster innovation.The interview also covered the follow-up progress of the Clarity Act, the debate between Democrats regarding ethical clauses and stablecoin incentives, the regulatory division of labor between the SEC and CFTC in the absence of congressional legislation, and the impact of the GENIUS Act on payments and settlements. Hagerty also discussed the role of stablecoin demand in U.S. Treasury bonds and the dominance of the U.S. dollar.Regarding Bitcoin reserves, the interview discussed expanding the U.S. strategic Bitcoin reserves and related topics concerning 200,000 Bitcoins; it also touched on the American public's concerns about cryptocurrency, Bitcoin mining and Tennessee Valley Authority (TVA) energy construction, Bitcoin businesses in Nashville, and the legislation that Congress could promote before the new session in January.

PhotonPay, a global fintech company building a next-generation Financial Operating System (Financial OS) with stablecoins at its core, has raised $40 million in Series C funding led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from existing investors IDG Capital, GL Ventures, and Lightspeed Faction. Blacksheep Technology acted as exclusive financial advisor to PhotonPay on the transaction. The funding will accelerate the expansion of PhotonPay’s multi-asset wallet capabilities across stablecoins and fiat currencies, global card issuing and local clearing infrastructure, while advancing the development of an agent-ready financial execution layer. PhotonPay’s Financial OS connects stablecoin liquidity with traditional financial networks, enabling businesses to manage, move and deploy funds across assets and markets. The company is also advancing agent-ready financial infrastructure to support AI-driven financial workflows and agentic commerce. Founded in Hong Kong in 2015, PhotonPay operates 16 offices worldwide and holds more than 30 payment and financial licenses and authorizations across the Americas, Europe and Asia. The company serves businesses across more than 200 countries and territories.

According to The Block, the decentralized trading protocol Curve Finance has launched StableSwap on the Stellar mainnet, marking its first native deployment outside the EVM ecosystem.Users can now create liquidity pools, exchange assets, and provide liquidity on Stellar without permission.

New York Governor Hochul officially signed a new bill on Wednesday, prohibiting minors from using artificial intelligence chatbots with virtual companion attributes. This is one of the most comprehensive regulatory measures in the United States regarding consumer-grade AI models to date. The bill requires relevant operators, including ChatGPT under OpenAI, to implement reasonable age verification measures, prohibiting the provision of high-risk chatbot features listed in the bill to users under 18 or those whose adulthood has not yet been confirmed.According to the bill, the relevant chatbots are not allowed to output content that may mislead minors into believing they possess life, human attributes, or real emotions. They must not induce adolescents to have the illusion of a mutual emotional, professional consulting, or authoritative guidance relationship, nor can they package generated content as personal opinions. The system is also prohibited from retaining sensitive privacy data related to the mental and physical health of minors. Hochul stated at the signing ceremony that the core goal of the legislation is to sever the emotional binding chain of AI impersonating minors' "friends" or "lovers," protecting the mental and physical health of young people.The children's media advocacy organization Common Sense Media expressed support for the bill, calling it the strictest children's AI safety law in the United States. The tech industry has strongly pushed back, criticizing the overly broad definitions of the provisions and emphasizing that minors should not be deprived of access to cutting-edge learning tools. As of now, companies such as OpenAI and Anthropic have not publicly responded to this.

On October 29, KR1 plc, a company listed on the main board of the London Stock Exchange that focuses on on-chain infrastructure, announced the launch of its technical infrastructure operations on the decentralized artificial intelligence network Bittensor. The company stated that it has recently acquired 5,000 network-native assets TAO and has initiated staking as part of its technical infrastructure strategy. Based on the reward rate observed on October 28, the company estimates that the annualized infrastructure income is approximately equivalent to 6.6% of the current value of the deployed TAO holdings.The announcement stated that Bittensor is a layer blockchain that supports subnets, covering services such as AI inference, computing power, training, and prediction, where independent suppliers compete for network rewards based on performance. KR1 supports the assessment of service provider performance through staking and receives a portion of the network rewards. There is no mandatory unbonding period for TAO unstaking, allowing the company to retrieve its holdings immediately after unstaking. Rewards can be retained to expand the scale of productive assets or can be liquidated for subsequent investments and operational costs. The company will also disclose its TAO holdings and related infrastructure income in monthly unaudited updates.Keld van Schreven, Managing Director and Co-Founder of KR1, stated: "As artificial intelligence enables more complex tasks to be performed by software, the demand for infrastructure related to supply-side intelligence is expected to grow significantly. Bittensor introduces open competition for the supply of AI services, and the company is focused on how its incentives are forming services that lead to continuous customer payments, as well as how to deploy TAO holdings to enhance the value and income potential of productive digital assets per share." KR1 claims to be the only publicly listed company on the main board of the London Stock Exchange that focuses on on-chain infrastructure, holding and operating productive digital assets on the relevant network.

Japan Tax Free, a Japanese duty-free service provider, announced that it will officially launch the yen stablecoin JPYC tax refund service in collaboration with UPBOND on November 1, providing an on-chain tax refund channel for foreign tourists visiting Japan.According to the new duty-free system implemented in Japan on the same day, tourists must first purchase goods at tax-included prices and then receive the tax refund after customs confirmation upon departure. The new service will issue JPYC to tourists using the wallet infrastructure provided by UPBOND, utilizing the Avalanche C-Chain.

According to BBX data, the global capital markets revealed the latest developments in direct investment in Bitcoin and the performance of brokerage digital asset businesses yesterday. The core information is as follows:Japan Bitcoin Industry has completed a capital increase of 840 million yen, fully paid in physical Bitcoin: The Web3 infrastructure developer Japan Bitcoin Industry announced the implementation of a third-party share allocation capital increase, successfully issuing shares to two institutions, Fulgur LLC and ANAP Lightning Capital (ALC), raising a total of 840 million yen (approximately 5.07 million USD). Notably, this capital increase will be fully funded in physical Bitcoin, with on-chain delivery expected to be completed on November 2. At the same time, the company signed a basic agreement for cooperation in Lightning Network routing business with ALC, which will use the Bitcoin held by ALC as the underlying liquidity for the company's operational channels. The raised funds will be specifically used for the research and development of the infrastructure "aurora" (supporting enterprises to access Lightning payments via API), talent recruitment, and local routing network infrastructure.Robinhood (NASDAQ: $HOOD) Q3 crypto revenue plummets 55%, causing overall profits to fall short of expectations: American internet brokerage giant Robinhood released its third-quarter financial report. The data shows that due to a slowdown in cryptocurrency trading activity and increased operating expenses, overshadowing its strong performance in options and prediction markets, the quarterly profits fell below Wall Street expectations. In the third quarter, its cryptocurrency trading revenue decreased significantly by 55% year-on-year to 120 million USD. Although options trading revenue grew by 31% and event contract revenue surged more than sixfold, driving overall trading revenue up 19% year-on-year to 867 million USD, total operating expenses also increased by 16% year-on-year to 739 million USD. The company's earnings per share for the quarter were 0.51 USD, falling short of analysts' expectations of 0.55 USD, leading to a drop of over 7% in its stock price in after-hours trading.

According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

The Hong Kong-listed company Ruihe Smart sold 38.76 bitcoins, worth approximately 3.1219 million US dollars, excluding transaction costs. The company intends to use the proceeds as general working capital.