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US stocks closed mixed on Thursday, with the Nasdaq falling 2.6% for its largest single-day decline since June 23, while the S&P 500 dropped 1.2%, its biggest drop since July 29. The Dow Jones Industrial Average edged up about 10 points. Renewed concerns over massive capital spending and financing risks at artificial intelligence companies drove a broad tech selloff, according to Sina Finance. Meta shares tumbled 8% despite the company third-quarter revenue exceeding market expectations and issuing optimistic guidance, as its hefty AI capital spending alarmed investors. AMD fell more than 8%, Micron Technology dropped 6%, and Nvidia declined 4%. Cloud computing provider CoreWeave plunged over 10% after its bond yields and credit default swap prices remained elevated, reflecting market concerns about its debt risks.
Nvidia CEO Jensen Huang said Thursday that demand for new cloud computing providers was "incredibly hot" but a shortage of capital was constraining industry growth. Wells Fargo traders noted in a report that Huang remarks on capital shortages unsettled the market, reigniting investor concerns about the credit market risk appetite.
Meanwhile, Meta indicated that its AI business still requires substantial capital investment, putting pressure on its shares and dragging the broader market. JPMorgan traders said Wednesday market optimism reversed in overnight trading, driven by Meta pre-market weakness and growing discussion about a potential renewed military strike against Iran after the US midterm elections. The firm also noted that investor confidence in AI financing prospects remains fragile following the recent tech correction. Separately, Middle East geopolitical risks escalated further.
Sources said the US and Israel plan to launch another military strike against Iran after the US midterm elections next month. US President Trump told reporters Wednesday evening that Washington is not currently negotiating with Tehran, adding "something will happen soon." Oil prices surged on the news. Brent crude futures rose 4% to close at $113.17 per barrel, while US WTI futures gained 2.39% to close at $99.47 per barrel. Safe-haven sentiment lifted US Treasury prices and pushed yields lower. The 10-year Treasury yield fell more than 18 basis points to 4.965%, its lowest in nearly a month, while the 2-year yield dropped over 17 basis points to 4.65%.

On Oct 23, 2026, 01:46 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,400.820068 USDT, with a narrowed narrowed 2.26% decrease in 24 hours.

BitMine Chairman Tom Lee said in an Oct. 23 CNBC interview that markets are in a sell-off, with technology and semiconductor stocks under heavy pressure while defensive sectors gained. According to ChainCatcher, Lee said sentiment is overly pessimistic, while his technical analyst Mark Newton believes technology stocks have largely reached support.

Polymarket has fired Chief Marketing Officer Matthew Modabber, who had held the position since January 2024. According to ChainCatcher, citing people familiar with the matter as reported by the New York Post, the dismissal followed an internal investigation into several incidents that drew public scrutiny and investor concern.
One issue involved allegations that Modabber's team created fake webpages to promote staged videos showing users making profits from fictitious trades. The Wall Street Journal reported on the matter in June, prompting an investigation by the U.S. Commodity Futures Trading Commission. The investigation is ongoing, and no violations have been established.
People familiar with the matter described Modabber as a close associate of 28-year-old CEO Shayne Coplan and said his impulsive decisions as an executive contributed to public relations crises. Polymarket is finalizing Modabber's departure agreement, with both sides maintaining mutual respect during the process.

The Glamsterdam hard fork on Ethereum’s Hoodi testnet has been delayed. According to ChainCatcher, smart contract security firm ChainSecurity said on October 22 that researchers found security-impacting issues in existing contracts and identified 13 real-world cases; they are conducting responsible disclosures with affected projects.
The announcement urged teams to review their contracts, while the Ethereum Foundation assesses the scope of the impact. It did not name the projects involved, provide contract addresses, or set a replacement fork date. The issues concern contracts that continue executing after catching failed external calls: under the gas changes reviewed, a failure handler could finish execution where it previously would have run out of gas and reverted. A caller could provide too little gas to complete the intended operation but enough for the outer contract to record a permanent failure, removing a recovery path for an operation that could otherwise be retried.
The technical disclosure reviewed EIP-8037 and EIP-8038 in the October 13 specification version, and its gas examples describe proposed execution behavior. The state-gas reservoir passes through calls in full, forwarding limits apply to execution gas, and gasleft() reports only the remaining execution gas. Under the reviewed rules, clearing storage slots that were zero at the start of a transaction could return up to 97,920 execution gas. An intermediary contract could also, upon REVERT, credit previously counted state-creation costs back and return them to the caller.

US spot Bitcoin ETFs took in $528 million of net inflows on Wednesday, October 21, according to SoSoValue. That followed $23 million on Tuesday and $526.6 million on Monday, a three-day total of $1.08 billion. The streak lifted October’s net flows to about $461 million, from roughly $615 million of outflows on October 16, and year-to-date inflows to $1.34 billion.Three Days Reverse Two Weeks of OutflowsThe inflows came after two straight weeks of withdrawals: $681 million in the week to October 9 and $228 million in the week to October 16. According to Farside Investors data, BlackRock’s iShares Bitcoin Trust (IBIT) led Wednesday with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with about $213 million.Bitcoin briefly rose to an intraday high of $84,777 on Wednesday before slipping back to around $82,500, according to CoinGecko.Altcoin ETFs Snap Outflow StreaksEther ETFs added $15 million, ending a five-session run of outflows. Solana ETFs took in about $585,000 to end a 13-day outflow streak, and XRP ETFs added about $709,000.Steep Rallies Ran on $235 Million a DayA CoinDesk analysis of SoSoValue data identifies three steep rallies since the funds launched in January 2024, defined as gains of more than 50% with no drawdown deeper than 20%:PeriodBTC moveAvg daily inflow$500M+ days$1B+ daysJan 23 – Mar 14, 2024+79% ($39,900 to $71,400)$294M101Aug 5 – Dec 17, 2024+96% ($54,100 to $106,100)$202M163Apr 6 – Jul 14, 2025+53% ($78,400 to $119,900)$248M132All three (199 days)–$235M396The Current Pace: $86 Million a DaySince July 1, Bitcoin has gained 39%, from about $60,000 to $83,500, on average inflows of about $86 million a day, roughly a third of the steep-rally average. The funds have had seven days of $500 million or more in that time, about one in every 11 trading days, against one in five during the steep rallies, and none of $1 billion or more.Giottus CEO Vikram Subburaj said institutional demand shows tentative improvement but that flows remain volatile, and sustained inflows are needed to confirm a stronger recovery. Demand through futures or direct spot buying can also move prices.

a16z Crypto general partner Ali Yahya said on Oct. 23 that he will leave the firm and start a company. According to PANews, Yahya said the venture is at an early stage and that his current focus is building infrastructure for an “open software ecosystem.” a16z Crypto was previously renamed a16z Frontier, with its investment scope expanded to include frontier startups.

According to Jin10, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said there is no such thing as an “Iran conflict,” describing it as an illegal war of aggression launched by the United States and Israel against Iran. He said refusing to call aggression by its name was not neutrality but “moral evasion,” and questioned how people could claim to confront injustice, propose workable solutions, or make a substantive contribution to peace without identifying the aggressor and the act of aggression. Baghaei said peace could not be achieved by appeasing aggressors, legitimizing aggression, condemning victims, or sacrificing fundamental principles.

Developer T4T5 used Anthropic’s Claude Opus 5.5 to recreate Satoshi Nakamoto’s Bitcoin Windows executable, matching the preserved file’s SHA-256 hash and every byte. The file, commonly called Bitcoin 0.1.0, was actually version 0.1.1, compiled on January 10, 2009, at 23:16 UTC using Windows XP and MinGW GCC 3.4.5, according to BeInCrypto. No verified copy of the January 8 launch-day executable is known to survive; the reconstruction provides a reproducible record of how the early software was built.

South Korea’s government and central bank are pushing to revise the Foreign Exchange Transactions Act to bring stablecoins used as payment tools under regulatory oversight. According to Odaily, the country is also drafting a Digital Asset Basic Act that would establish a licensing system for cryptocurrency exchanges and set rules for stablecoin issuance.

On Oct 23, 2026, 03:45 AM(UTC). According to Binance Market Data, BNB has crossed the 740 USDT benchmark and is now trading at 740.109985 USDT, with a narrowed narrowed 0.29% decrease in 24 hours.

Interpol’s Operation Serengeti III, coordinated across 21 countries from June 29 to August 31, 2026, arrested 1,462 suspects, dismantled 10,909 malicious networks and recovered more than $105 million in illicit funds. According to ChainCatcher, investigators identified 65,929 victims and linked financial investigations to losses exceeding $385 million.
In Angola, authorities dismantled two illegal cryptocurrency mining centers and arrested nine suspects, seizing more than 2,000 mining devices and six illegal power substations. The seized power infrastructure alone was valued at more than $1 million.
In Nigeria, authorities arrested a suspect linked to large-scale phishing and business email compromise schemes that collected about 2.1 million email addresses and software credentials. A separate investigation uncovered an international investment scam promoted through messaging apps that moved more than $2.4 million in suspected criminal proceeds, most of which was laundered through cryptocurrency transactions.
Interpol cybercrime director Neal Jetton said criminal networks exploit technology to target victims across borders and at unprecedented scale. He said the operation demonstrated that international cooperation remains an effective tool for dismantling criminal networks, recovering illicit assets and protecting communities.

Tesla and Nvidia will invest $2.8 billion in a Samsung Electro-Mechanics factory. According to ChainCatcher, the investment was reported by South Korea's Maeil Business Newspaper.

A wallet that withdrew 3,000 ETH from a centralized exchange (CEX) in 2017 transferred the funds to another CEX after remaining dormant for about 9.5 years. According to BlockBeats On-chain Detection, the transfer was observed about 10 minutes before the report on October 22. The ETH had appreciated approximately 128-fold since the withdrawal.

Bitcoin’s network hashrate has climbed to a seven-month high, even as major publicly traded miners redirect computing capacity toward artificial intelligence, indicating that other operators may be replacing the lost power and keeping competition intense. According to Cointelegraph, BlocksBridge Consulting’s latest Miner Weekly newsletter said the seven-day average hashrate had recovered above 1 zettahash per second, or 1,000 exahashes per second, its highest level since March 3. Hashrate measures the computing power used to secure the Bitcoin network. The recovery suggests miners still operating on the network have gained little relief from competition amid the industry’s transition to AI workloads. Bitcoin mining difficulty rose 5.92% on Oct. 16, and BlocksBridge projected a further 5.16% increase at the next adjustment. If that estimate holds, difficulty will have risen roughly 11.4% over two consecutive adjustments. The consultancy said the AI migration has not provided the breathing room remaining Bitcoin miners might have expected.
BlocksBridge previously reported that publicly traded miners’ realized hashrate declined 23%, while their reported revenue from AI and high-performance computing rose 52% quarter over quarter. It estimated the displaced mining capacity represented roughly $1.5 billion in hardware. Some of that capacity may be returning to the Bitcoin network as smaller and mid-sized miners buy equipment from larger operators. BlocksBridge cited Sazmining, which advertises secondhand Antminer S21 XP machines that buyers can deploy through hosting facilities in Paraguay and Texas. For miners with access to cheaper electricity, used machines may be more economical than new equipment, allowing hardware displaced by AI conversions to continue mining Bitcoin elsewhere. However, it remains unclear how much of the equipment for sale came from publicly traded miners or how much has returned to the network. The hashrate recovery also comes as some industry observers describe rising computing power as an indirect bullish signal, reflecting continued institutional investment in publicly traded mining companies. CryptoQuant founder and CEO Ki Young Ju recently made that case on X, saying higher hashrate means stronger security and better fundamentals for Bitcoin as a store of value.

The PHP Foundation has acknowledged that indecision and a shortage of resources delayed a fix for a critical security flaw first identified in 2024, calling the stalled response a "structural failure," according to Cointelegraph. Government agencies and other organizations worldwide took websites offline Wednesday as a precaution while PHP released emergency patches for two related critical vulnerabilities that could let unauthenticated attackers execute code on affected servers without logging in. PHP is a programming language widely used to power websites, web applications and content management systems. In a blog post after the patch, the foundation said its developers first spotted signs of the vulnerability in 2024 but struggled to craft a fix without disrupting the large ecosystem built on PHP. "Combined with the lack of a known path to remote code execution and the small team of core developers with the necessary deep knowledge of the engine occupied with many responsibilities, this decision process caused work on a fix to stall and restart repeatedly over months," the foundation said. "We won't pretend otherwise: the delay was a structural failure, caused by both the security team's decision process and its lack of resources." The flaw was flagged again Aug. 11 after security firm Calif and OpenAI independently reported the same underlying issue — Calif demonstrated unconditional remote code execution, making it a top security priority. The disruption stretched worldwide: the Netherlands shut its digital identity service and its National Cyber Security Center took its website offline; Finland's state IT provider Valtori disconnected public web services; France's Interior Ministry temporarily took prefecture sites offline; Germany's federal IT provider ITZBund disabled several sites, according to Reuters; and Australia's Signals Directorate confirmed cyber.gov.au was affected. Japanese Prime Minister Sanae Takaichi urged operators on X to prepare the patch as quickly as possible, saying temporarily suspending website functions could reduce risk if it couldn't be applied immediately. The Wikimedia Foundation took Toolforge and Cloud VPS offline as a precaution, knocking parts of Wikipedia offline Wednesday. In crypto, SlowMist's MistEye survey identified 793 domains with direct PHP fingerprints among 1,488 assessed, urging exchanges, DeFi platforms and wallet providers to review exposure and upgrade. Intersect, the Cardano governance organization, temporarily took its Members Area offline. Coinbase chief security officer Jeff Lunglhofer said the company found no evidence of exposed PHP instances: "Whenever we hear about vulnerabilities like this, we automatically conduct a full sweep to make sure everything is as safe as we can make it. We're also working with our third party suppliers for extra assurance." BitGo said its platform was unaffected. Binance founder and former CEO Changpeng Zhao (CZ) warned internet users Wednesday to be "extra careful" visiting any website in the next few days, as some web administrators may not be up-to-date with security patches. OpenAI released a Codex skill on GitHub to help operators check for vulnerable PHP versions and identify applicable updates. The PHP security team said it has not identified any functional exploits at the time of its public disclosure.

Chainlink Reserve bought and received 88,400 LINK on October 22, valued at $1.06 million. According to Odaily, citing Onchain Lens, the reserve added 422,900 LINK over the past 30 days, bringing its total receipts to 6.38 million LINK, valued at $71.83 million; it currently holds 6.38 million LINK worth $76.14 million.

According to CNBC, Norway's sovereign wealth fund, the world's largest, recorded a third-quarter loss of 278 billion kroner ($29.7 billion), or about $30 billion, as rising interest rates weakened returns on bonds. Norges Bank Investment Management (NBIM), which manages the $2.3 trillion fund, reported a negative 3.5% return on fixed-income investments, a key driver of the overall loss. NBIM Deputy CEO Trond Grande said in a statement that the fund's overall return was slightly negative as higher rates hurt fixed-income performance.

South Korea’s Financial Services Commission said it will study allowing cryptocurrency exchanges to participate in the security token offering (STO) market, including issues related to market conditions, investor protection, licensing integration and permits for exchanges to conduct additional business. According to ChainCatcher, Financial Services Commission Chairman Lee Eog-weon supported using existing exchanges’ technology and trading infrastructure to develop the STO market and said that infrastructure should be integrated into the token securities market.

According to Jin10, U.S. Vice President JD Vance said that, taking Starlink as an example, European countries had almost unanimously decided to launch a regulatory and licensing battle against SpaceX. He added that they are now going to SpaceX to say, “Please do what we need you to do.”

On Oct 23, 2026, 03:53 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 82,000 USDT benchmark and is now trading at 82,018.007813 USDT, with a narrowed narrowed 1.01% decrease in 24 hours.

Longtime Cardano advocate Chris O has stepped down as a delegated representative, citing Sui’s technology and adoption and saying the Cardano Foundation and others “have not kept up.” According to BeInCrypto, he still holds ADA, but it is no longer his largest position, and he asked delegators to reassign their voting power. His move marks the second well-known Cardano voice to shift toward Sui this year, after analyst Dan Gambardello moved part of his holdings to Sui in June. Cardano founder Charles Hoskinson thanked him for his time.

Aave has launched its first externally curated markets for Aave V4, with strategies developed by SentoraHQ. According to Odaily, users can borrow RLUSD, PYUSD, and OUSD stablecoins against yield-bearing and blue-chip assets across three new markets on Ethereum.

Dogecoin Labs launched on October 21 in partnership with the Dogecoin Foundation, bringing the MyDoge wallet, DogeOS app layer and Such App payments tool under CEO Jordan Jefferson. The company aims to build the economy needed to support the community’s long-running DOGE-to-$1 goal, according to BeInCrypto. The Foundation will retain its open-source development, advocacy and community work, while Nasdaq-listed House of Doge will move some product, engineering and commercial operations to Labs in exchange for an undisclosed equity stake.

The Starknet Foundation said a nonbinding Snapshot vote on whether to study an independent quantum-resistant L1 path has concluded, with 93.52% of participating voting power in favor. According to Foresight News, StarkWare and the Starknet Foundation will form a joint working group and begin the research immediately, assessing technical requirements, trade-offs, and potential effects on users, developers, and the ecosystem. The group will publish its findings on the governance forum over time. The Foundation said the vote does not approve a transition of Starknet to an L1. If the research supports moving forward, a detailed proposal will be submitted for another community vote.

The Arbitrum Foundation and Robinhood Chain have opened applications for the second edition of their mentorship program, which offers a total of $100,000 in prizes. According to Foresight News, the program is for early-stage teams already building or committed to building products on Arbitrum One or Robinhood Chain, and applications close on December 6, 2026.
The 12-week program is scheduled to begin on January 5, 2027, and will offer support with fundraising, product strategy, user growth, and marketing. A Demo Day is planned for March 25, 2027, with more than 50 investors expected to attend; the date may change.

CryptoQuant founder and CEO Ki Young Ju described Bitcoin’s rising hashrate as an “indirect bullish signal” from institutional investors backing public miners. According to Cointelegraph, Ju said in a Thursday post on X that a higher hashrate strengthens network security and Bitcoin’s fundamentals as a store of value, adding that traditional finance institutions largely back public miners. Hashrate measures the computational power used to perform calculations on a blockchain network. CryptoQuant data showed Bitcoin’s hashrate had recovered about 45% from the summer’s lows, rising from approximately 726 exahashes per second (EH/s) in July to roughly 1,050 EH/s on Wednesday. Ju sees the recovery as an institutional endorsement of Bitcoin’s security and long-term value; rising hashrate is also generally viewed as a sign of confidence among miners. However, the global hashrate remained below its October 2025 peak of 1,305 EH/s, when Bitcoin traded above $111,000. Bitcoin was trading at roughly $81,843 as Thursday’s US equities markets opened.
Public miners have continued expanding capacity, including Nasdaq-listed NIP Group, which announced a third tranche of an on-rack asset purchase agreement on Tuesday. The deal covers about 4.47 EH/s of already-deployed Bitcoin mining hardware. After it closes, the machines are expected to immediately increase NIP Group’s Bitcoin production, with hashrate across all three tranches expected to reach 13.85 EH/s. The company currently ranks as the 16th-largest public Bitcoin miner, with 3.11 EH/s in operating hashrate, while Bitdeer ranks first at 79.9 EH/s, according to Ziven data. NIP Group shares fell 6.8% on Wednesday, closing at $6.10 and extending their decline over the past year to 86%, according to Yahoo Finance. Other major miners also lost ground as the US stock market recorded its sharpest selloff since July on Wednesday. TeraWulf, Core Scientific, Cipher Mining and IREN each fell about 12%, as higher-than-expected inflation figures pressured Bitcoin miners and AI infrastructure companies.

According to the announcement from Binance, a bStocks trading promotion featuring AAPLB and NVDAB will run from 2026-10-22 12:00 (UTC) to 2026-11-15 23:59 (UTC). Eligible new users must register during the promotion and complete identity verification. In Promotion A, eligible users who deposit at least $20 equivalent through fiat, card deposit or P2P can receive an AAPLB token voucher worth $1 to $5. The offer is limited to the first 5,000 qualifying users, with rewards distributed on a first-come, first-served basis. Users who register through affiliate or referral links or channels are excluded.
Promotion B offers a prize pool of up to $50,000 worth of NVDAB to eligible new users who trade at least $50 equivalent across any bStocks pairs during the promotion. The unlocked pool depends on the number of qualifying participants, ranging from $2,000 for fewer than 2,500 participants to $50,000 for more than 30,000. Rewards will be allocated according to cumulative trading-volume rankings: the top three places receive 15%, 10% and 5% of the pool, respectively. Further shares are allocated to ranks 4–20, ranks 21–200 and remaining eligible participants. Token vouchers are scheduled for distribution to eligible users’ Rewards Hub by 2026-12-04.

A contract account linked to address 0xfc667adba8d4837586078f4fdcdc29804337ca06 has recorded approximately $30.41 million in cumulative profit. According to Odaily, the account closed a roughly $1.1 million long position in SP500 and opened a short position valued at about $10.8 million; the short position is currently worth approximately $10.81 million.

The contract account has accumulated about $22.94 million in profit, including unrealized gains and losses. According to Odaily, the address increased its ZEC long position between 16:36 and 18:23 on October 22, adding about $9.08 million in holdings at an average execution price of $1,252.95. The address is 0xbf732ea04197942783e34730ed6e0f6099575d58.

DFINITY founder Dominic Williams has accused NEAR Intents of using DFINITY’s proprietary cryptographic technology. According to Foresight News, Williams said his investigation found that a key component of NEAR Intents uses ECDSA additive key derivation and presigning algorithms described in a DFINITY paper published in 2022.
Williams said the algorithms were developed by DFINITY for integrating the Internet Computer with Ethereum. They allow multiple computers to generate a public key and sign transactions without any single node holding the full private key, he said. Williams also alleged that NEAR hired a person dismissed by DFINITY in the summer of 2021 to lead related work and deployed the algorithms across about eight servers.
Williams said NEAR’s Chain Abstraction and Intents features rely on the technology for cross-chain asset custody and swaps. He alleged that the system is not truly decentralized and carries a backdoor risk.
He also said NEAR recently attempted on GitHub to downgrade the algorithm to a slower version. Williams said Confidential Key Derivation, released in 2025, has principles similar to DFINITY’s vetKeys technology from 2023. He said DFINITY’s work is licensed only for use with the Internet Computer, arguing that NEAR’s use raises legal issues, and added that the technology could have been shared through fair cooperation if the parties had negotiated in advance.

Commodity exchanges are urging US regulators to withhold approval of Kalshi Inc.’s proposed perpetual oil futures contract and close a loophole that gives retail traders access to offshore platforms, according to Bloomberg.

Kuala Lumpur High Court has ordered the government to return 497.82 Bitcoin to nine victims of an investment scam. According to ChainCatcher, Malaysian media reported that the ruling found the victims had been defrauded by Fadino Khairuman and Asyran Ismail between 2015 and 2016.
The victims deposited a total of 362.04 Bitcoin into Bitkingdom wallets after being promised daily returns of 1%. The Bitcoin was later transferred to wallets held by the two men and eventually seized by law enforcement.
The judge said the assets had been transferred through multiple transactions, but the victims had not lent the Bitcoin to the defendants; they had lost it through fraud and therefore had a legitimate claim to the seized assets. The court ordered the 497.82 Bitcoin to be distributed in proportion to each victim’s original contribution, with individual shares ranging from 0.68% to 11.7% of the total.

Binance Wallet announced on X that three days remain to join its R25 Season 2 campaign. The campaign runs until 15:59 UTC on October 26, 2026. Users can subscribe USDC to the R25 Axil USDC Vault, which has a three-month lock-up, for a stated 12.5% APY and a share of $200,000 in PROS rewards. The announcement describes two promotions. Promotion A requires a subscription of at least 100 USDC to qualify for a share of $150,000 in PROS Boosted APR rewards. Promotion B is a leaderboard competition offering a share of $50,000 in PROS VIP-exclusive rewards. The post says leaderboard rankings will lock in three days. It identifies the vault in its access path as R25 under Binance Wallet DeFi Protocol, with the product named Axil Prime 3M USDC Vault. The two stated reward pools are $150,000 for Promotion A and $50,000 for Promotion B, together accounting for the announced $200,000 in PROS rewards.

Aave founder Stani said Aavenomics 3.0 will include AAVE buybacks, staking and burning mechanisms. According to Odaily, he disclosed the plan during a livestream, citing market sources.

Marathon Fusion says it converted mercury into “real, stable gold,” beating CERN’s record by a factor of 10. The San Francisco startup announced the result on X on October 21, according to BeInCrypto, but disclosed no production volume or experimental data. Its 2025 paper modeled output of about 2 tonnes of gold per gigawatt of thermal power annually; the gold could require 7 to 17 years of storage before sale because of radioactive isotopes. Gold was trading 5.56% below its January 1 level and down another 1.2% today.

The Optimism Foundation and Unichain Foundation plan to introduce OP Stack native interoperability on mainnet, with Unichain and OP Mainnet forming the initial group of connected chains. According to Foresight News, the feature will validate cross-chain messages at the protocol level without relying on a separate third-party bridge validator set, and will initially support native ETH transfers between the two chains. Token support, application integrations, and additional chains may be added later.
The plan requires technical preparations and governance approval. Upgrades 20 and 21 will establish infrastructure for interoperability but will not activate cross-chain functionality; activation details will be submitted through a separate governance proposal. The initial release will not include general ERC-20 transfers, unified balances or liquidity pools across the chains, or atomic execution of arbitrary cross-chain application flows.

Grayscale published a crypto asset valuation analysis ranking HYPE first in tokenholder yield and CAKE first in adjusted earnings yield. According to Foresight News, the tokenholder-yield top 10 are HYPE, LIT, CAKE, AERO, UNI, RAY, PENDLE, AAVE, JUP and CRV; the adjusted-earnings-yield top 10 are CAKE, LIT, HYPE, RAY, AAVE, JUP, SKY, UNI, AERO and PENDLE.
Grayscale said many crypto assets can be valued based on cash flows. Tokenholder yield measures staking rewards and buybacks, minus the value of new issuance, as a share of circulating market capitalization. Adjusted earnings yield measures protocol earnings relative to circulating market capitalization, minus the circulating supply inflation rate, to account for token dilution.

Bitcoin cleared $84,000 late Wednesday — the level that had capped it three times — topped at $84,800, then fell $2,200 within six hours back to $82,600. Meta beat Q3 estimates (revenue $64.6B vs $63.3B, Q4 guidance midpoint $74.5B above consensus) and raised its capex floor to $135B. Tesla beat EPS ($0.48 vs $0.44) but cut full-year capex to $20B from $25B — read as Optimus and Cybercab slipping. Nasdaq 100 futures -1.1%. KOSPI closed at its lowest since April, down 3.52% to 5,533 with SK Hynix -5.5%; Nikkei -2.65% to 62,908. China’s CSI 300 entered a bear market — 20% below its June peak after 10 consecutive weekly declines. Bitcoin ETFs pulled in $1.08B across three days but at $86M/day — a third of prior steep-rally pace.Bitcoin Gives Back Its Break Above $84,000 as Tesla’s Capex Cut and Meta’s Spending Fail to Calm the AI TradeBitcoin cleared $84,000 late Wednesday — the level that capped it on October 13, 14, and 20 — peaked at $84,800, then fell 2.6% to ~$82,600 within six hours. The breakout lasted one trading session. $82,500 is the support QCP flagged in early October; CryptoQuant puts the next major support at $70,000. Mixed AI earnings drove Nasdaq 100 futures -1.1% and S&P 500 futures -0.5% — Tesla’s capex cut read as execution risk on Optimus/Cybercab, Meta’s $135B spending floor read as sustained capex pressure. ZEC +3% to ~$1,290, XRP +<1%; HYPE -3%, DOGE -2%, SOL -1%. China’s CSI 300 fell into a bear market (-20% from June peak, 10 consecutive weekly declines) as Alibaba led a broad tech selloff. KOSPI -2.2% intraday with Samsung and SK Hynix retreating.Meta Beats Q3 Revenue Estimates, Issues Strong Q4 GuidanceMeta Q3 revenue: $64.6B (+26% YoY, vs $63.3B expected). Net income: $9.86B ($3.83/share) vs $2.71B ($1.05/share) a year earlier. Q4 guidance: $73-76B (midpoint $74.5B vs $73.7B consensus). Muse: 10M+ US/Canada accounts; Zuckerberg expects cost efficiency to improve 10x+ over the next year before revenue lines hit scale. Capex range revised to $135-145B (floor raised from $130B). New Class C nonvoting stock approved (one-for-one distribution in January 2027), doubling shares outstanding while Zuckerberg retains control — the mechanism that funds AI infrastructure without diluting voting power. Total expenses: $51.6B (+68% YoY, including multistate legal settlement charge). Reality Labs losses projected to narrow to ~$15B in 2027. New legal risk: a New Mexico judge ordered Meta to pay $25B — the largest fine ever imposed against the company — after a jury found it liable for deceiving users about Facebook privacy. Meta +2.5% after hours.Tesla Beats Earnings Estimates as Free Cash Flow Swings PositiveTesla Q3: revenue $28.05B (vs $28.13B expected), adjusted EPS $0.48 (vs $0.44), adjusted EBITDA $3.90B (vs $3.66B). Automotive revenue -3% YoY to $20.56B on lower average selling prices and battery supply constraints. GAAP net income $787M (-43% YoY). Free cash flow: $1.53B vs an expected outflow of $4.92B — the genuine beat. Full-year capex cut to $20B from $25B; CFO Taneja: funding capex primarily from operating cash flows. The market read the cut as a signal that Optimus and Cybercab ramps are slipping rather than as capital discipline. Deliveries: 486,532 (-2% YoY, above 463,000 consensus). Optimus: production has begun at Fremont. FSD subscribers: 1.74M. AI training capacity target: 400 MW by year-end. Tesla holds 8,430 BTC unchanged ($972M at current prices). SpaceX-Tesla merger: special committees of independent directors formed at shareholder request; Musk: “I don’t think we should necessarily assume... it would be a certainty.”KOSPI Sinks 3.52% to Its Lowest Close Since April as SK Hynix Falls 5.5%; Nikkei Drops 2.65%KOSPI closed at 5,533.77 (-3.52%, -201.89 points) — its lowest close since April and 39.3% below its June record. SK Hynix -5.48%, Samsung -4.02%; institutions net sold 464.1B won. KOSDAQ -3.62% to 764.1. The Bank of Korea held its benchmark rate at 3.00% on the same day — no relief from the central bank on a session where AI capex concerns drove the memory complex lower again. Nikkei 225 -2.65% to 62,907.84, its first close below 63,000 since September 14. The KOSPI has now triggered 10 circuit breakers this year, lost 39.3% from its June record, and posted its worst quarter since Q1 2020 in Q3. The index is pricing a structural repricing of AI memory demand, not a temporary correction.Bitcoin ETFs Pull In $1.08 Billion in Three Days, but the $86 Million Daily Pace Since July Is a Third of Past RalliesThree-day ETF total: Monday $526.6M (IBIT $665.2M, FBTC -$83.6M, GBTC -$54.9M), Tuesday $23M, Wednesday $528M (IBIT $235M, FBTC $213M). October net: ~$461M positive, flipping from $615M in outflows on October 16. YTD: $1.34B. Ether ETFs +$15M Wednesday (ending a five-session outflow streak); Solana ETFs +$585K (ending a 13-session streak); XRP ETFs +$709K. The pace comparison is the analytically important number: the three prior steep Bitcoin rallies (Jan-Mar 2024, Aug-Dec 2024, Apr-Jul 2025) averaged $235M/day, with one $500M+ day in every five and six $1B+ days total. Since July 1, the current $83,500 price (+39% from $60,000) has come on $86M/day — one $500M+ day in every 11, and zero $1B+ days. Giottus CEO Subburaj: institutional demand shows tentative improvement but flows remain volatile; sustained inflows are needed to confirm a stronger recovery.

According to CNBC, a federal judge in Miami ordered President Donald Trump to sit for a deposition by Dec. 11 in his $10 billion defamation lawsuit against the BBC. U.S. Magistrate Judge Enjoliqué Lett warned Trump's attorneys that the complaint could be dismissed if he does not comply with court orders to provide the BBC's lawyers with records relevant to the case, Politico reported. Trump's lawyers had requested a deposition between Jan. 11 and Jan. 22.