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According to Bloomberg, AI startup Emulate, founded by alumni of Google DeepMind, has been established for only three months and currently has no official website or products. However, venture capital firms are eager to get involved, driving its valuation to several billion dollars.The report states that due to intense competition, investors are willing to buy in at continuously rising prices during the same round of financing, leading to different valuations for the same company within the same round of financing.

According to GMGN market data, the Meme coin Kimchi on the Solana chain continued to decline after a rapid surge to a market value of 40 million USD yesterday, currently reported at 21.51 million USD, with a drop of over 50% from its peak. The top address for this token invested 144,000 USD at a market value of 33.7 million USD and has now incurred an unrealized loss of over 50,000 USD.Previously, it was reported that this token was inspired by the influencer trader Kimchi (@kimchi1x), who currently holds 75.32% of the total supply of this Meme coin. ChainCatcher reminds users that Meme coins generally have no practical use cases and exhibit significant price volatility, so investment should be approached with caution.

Piper Sandler has raised the target price for Tesla (TSLA.O) from $450 to $475.

Circle CEO Jeremy Allaire stated in an interview that he is not particularly focused on the short-term price performance of Bitcoin, but is more optimistic about the digital dollar used for payments and the AI agent economy. Allaire mentioned that the digital dollar can be used for payments, transactions, lending, and investment, and that AI agents will participate in more economic activities in the future, potentially further driving the demand for digital dollars and related blockchain infrastructure, although he did not provide specific data on the growth of this demand.On the regulatory front, the Office of the Comptroller of the Currency in the United States is formulating rules related to the GENIUS Act. The proposal requires stablecoin issuers to hold reserve assets not less than the total amount of circulating stablecoins and to redeem at face value within two business days, while prohibiting issuers from paying interest to holders. Allaire believes that the bill has bipartisan support and can provide policy protection for the stablecoin industry, but broader legislative progress on the structure of the cryptocurrency market in the United States has not yet been made.

The Hong Kong Hang Seng Index fell 2% to 23178.37 points. MiniMax's decline once reached 6.2%, dropping below the IPO issuance price.

According to the market intelligence platform Liquid247.xyz, Coinbase's spot BTC has about 64.62 buy orders at the price level of $82,975, with a nominal value of approximately $5.362 million, retracting about 0.38% from the mid-price of about $83,289 at that time. The total buy orders near the front end amount to approximately $26.9975 million, while the sell orders are about $21.0445 million.The net buy orders at this venue are approximately $5.953 million, accounting for 12.39% of the total depth. The buy orders around $82,975 are the most prominent support level at the front end.

According to on-chain analyst Ai Yi's monitoring, since the end of September, a certain whale has increased its long position in ETH by 9,000 coins, lowering the average long price to $2,553.31.A certain whale has collateralized 18,500.54 WETH on Aave, worth $45.53 million, and borrowed $25.01 million in stablecoins, with a health ratio of 1.51. Since September 29, this whale has withdrawn 12,549.9 ETH from Binance through this method, worth $32.04 million, during which it has averaged down from $2,736.47 to $2,460.

According to GlobeNewswire, SkyAI's major shareholder Bastion Trading stated that it and its affiliates collectively hold about 9.99% of the company's common stock and require SkyAI's executive chairman and several directors to publicly explain the decision-making process for approving the liquidation of all SOL treasury and the cash tender offer.Bastion pointed out that SkyAI initiated the tender offer on October 16 and disclosed in subsequent documents that it had emptied all SOL treasury. A month ago, the company still stated that it would continue to adhere to the Solana DAT strategy and held over 2 million SOL. Bastion believes that the current tender offer price of $3 per share or for eligible warrants is too low and demands that it be raised to at least $3.50, and that the maximum acquisition ratio for pre-financing warrants be increased from 95% to 100%.Bastion also requested that the Strategic Advisor Warrants be excluded from the offer and that the securities and potential earnings held by directors, management, and affiliates be disclosed. It stated that if the relevant directors cannot prove they have fulfilled their independent oversight and fiduciary duties, they should voluntarily resign; otherwise, a special shareholders' meeting should be convened to allow shareholders to decide the future composition of the board.

JPMorgan Chase raised the target price for SpaceX from $240 to $500, maintaining an "Overweight" rating. The bank currently expects SpaceX's revenue to reach $254 billion by 2027, with computing capacity expected to reach 10 gigawatts (GW) by the end of the year, and has more than doubled its related forecasts for 2027 to 2028.JPMorgan Chase also believes that a potential merger between SpaceX and Tesla has strategic significance, but it is still uncertain whether the related deal can be reached.

The tokenized Pre-IPO platform OpenStocks has launched on the BNB Chain, offering tokenized economic exposure products for four private companies, including Anthropic (oANTHROPIC), Figure AI (oFIGUREAI), Neuralink (oNEURALINK), and Anduril (oANDURIL). These products are BEP-20 tokens on the BNB Chain mainnet, supporting 24/7 trading with no minimum amount restrictions. Transactions settle on-chain within seconds, using a self-custody model where users trade by connecting their own BNB Chain wallets, and OpenStocks does not act as a custodian.The platform clearly states that these tokens provide only economic exposure to the private stock prices of the companies and do not represent equity, granting holders no ownership, voting rights, dividend rights, or information rights, and OpenStocks has no affiliation with the aforementioned companies. The token prices are set by the on-chain DEX liquidity pools, with PancakeSwap Infinity as the primary trading venue. Tokens are traded against USDT, and the price users pay depends on the quotes in the pool at the time of transaction. The trading page simultaneously displays the latest on-chain token price and the reference price of the underlying company, as well as the implied company valuation based on that price.The platform is not open to individuals within the United States, U.S. citizens, and other ineligible persons, with Singapore being a prohibited jurisdiction. OpenStocks states that it is not a broker-dealer, investment advisor, exchange, transfer agent, or custodian, does not provide investment advice, and has no affiliation with the companies involved.

Citigroup raised the target price for SpaceX (SPCX.O) from $200 to $240.

According to a report by the Korean Economic Daily on October 21, Elice Group, an AI infrastructure company providing AI cloud and educational and office software, saw a significant rebound the day after its listing on the KOSDAQ. As of 9:15 AM that morning, Elice was priced at 79,900 Korean won, an increase of 18,400 Korean won from the previous trading day, a rise of 29.92%. The previous trading day's closing price was 61,600 Korean won, down 28,900 Korean won from the issue price of 90,500 Korean won, a decline of 31.93%. The report stated that even if the price reached the limit increase for the day, the stock price would still be below the issue price.Bloomberg reported on October 20 that Elice fell about 32% on its first day of trading, becoming a case of weakened confidence in so-called new cloud companies, and noted that it was at the center of the debate regarding AI company valuations and their ability to realize those valuations. Reuters stated that the sharp drop again raised market concerns about the sustainability of large investments in AI infrastructure and the investment recovery cycle. CNBC reported that the impact of the listing performance has spread to U.S. data center-related stocks. The scale of this public offering was $150 million, and the company plans to use the listing funds for the construction of modular data centers and related infrastructure.

According to the market information platform Liquid247.xyz, Coinbase's spot BTC has about 63.51 buy orders at $82,610, with a nominal value of approximately $5.2466 million, retracting about 0.37% from the mid-price of around $82,916 at that time.The total buy orders at the near-end market amount to approximately $25.2942 million, while the sell orders are about $25.3568 million, with the net sell orders exceeding approximately $62,600, accounting for 0.12% of the total depth.

According to Israel's Channel 12, the proposal submitted by the Chief of Staff of the Pakistan Army to senior Iranian officials has been approved by the United States, and Iran has also tentatively agreed. The proposal partially responds to Iran's demand for the return of frozen funds, stipulating that the interest generated from the 6 billion dollars frozen in a Qatari bank will be transferred to Iran.Affected by this news, both WTI and Brent crude oil prices fell short-term by about 0.8 dollars, currently reported at 97.51 dollars per barrel and 105.76 dollars per barrel, respectively. On the news front, reports indicate that the U.S. and Iran have tentatively recognized Pakistan's mediation proposal.

Renowned financial services company Cantor Fitzgerald reiterated Tesla's "Buy" rating, maintaining the target price at $485.The agency's analysts believe that the demonstration of the Tesla Roadster sports car is expected to be stunning, but its actual contribution to the company's short-term profits remains limited. Analysts pointed out that the subsequent commercialization of the Roadster still faces uncertainties such as road legality and mass production progress, so even if the demonstration effect is outstanding, it may not quickly translate into substantial financial gains.

According to the market information platform Liquid247.xyz, Coinbase's spot BTC has approximately 68.44 sell orders at $81,654, with a nominal value of about $5.5886 million, which is about 0.38% above the mid-price of approximately $81,344 at that time.The total near-end sell orders amount to about $30.2732 million, while the buy orders are approximately $23.2494 million, resulting in a net sell order surplus of about $7.0238 million, accounting for 13.12% of the total depth.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin Price Prediction for October 19" on Polymarket, the "Yes" option for the sub-market "81,000 USD" experienced a dramatic fluctuation in winning probability, soaring from 12.5% an hour ago to the current 29.5% (a fluctuation of 17%). Please note the impact of related breaking news.

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.