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More →GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
<strong>[PRESS RELEASE – Singapore, Singapore, October 20th, 2026]</strong> <strong>The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0.</strong> <a href="https://grvt.io/" rel="nofollow noopener" target="_blank">>Grvt</a>, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation’s token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market. The transaction permanently removed close to 1% of GRVT’s circulating supply at the time of purchase. It marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026. <strong>A Discretionary Buyback with On-Chain Verification</strong> The Foundation’s token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer’s discretion, with no predetermined purchase amount or guaranteed schedule. Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation. The transactions can be independently verified through the <a href="https://grvt.io/exchange/buybacks" rel="nofollow noopener" target="_blank">>public buyback dashboard</a>, which records the number of tokens purchased and burned, the percentage of circulating supply represented, cumulative burns and on-chain transaction hashes. “The GRVT token is an important part of the ecosystem we are building,” said <strong>Hong, co-founder and CEO of Grvt</strong>. “We welcome the issuer’s buybacks as a demonstration of its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer’s buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply.” <strong>Grvt Outlines Four Product Milestones</strong> The announcement follows GRVT’s token generation event in July 2026 and precedes a series of planned launches. <strong>Grvt Earn, scheduled for the End of October,</strong> will introduce yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to derive from underlying asset cash flows, including interest, premiums and invoice-related income. Asset-supplying partners will be announced at launch. Target yields are not guaranteed. <strong>Stable Funding Perps, scheduled for November,</strong> will introduce perpetual futures linked to commodities, stocks, foreign exchange and indices. The contracts are planned to carry zero trading fees and use once-daily funding. Grvt aims to list more than 1,000 markets by the end of December 2026. <strong>Yield as Margin, also scheduled for November,</strong> will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield, subject to applicable product terms
China Telecom's Institute of Artificial Intelligence has incubated embodied AI company Gamma Intelligence in Shanghai.
CoinWorld news: Gamma Robotics, an embodied intelligence company incubated by the China Telecom Artificial Intelligence Research Institute (TeleAI), has been registered and established in Xuhui District, Shanghai, and has moved into the Model Speed Space. The company is an independent market-oriented entity invested by China Telecom Group and incubated by TeleAI, and will jointly build a humanoid robot laboratory with TeleAI. Professor Li Xuelong, CTO and Chief Scientist of China Telecom Group, will serve as scientific advisor to Gamma Robotics, and Bai Chenjia will serve as founder and CEO.
Rubio: Without U.S. support, Ukraine "would cease to exist"
US Secretary of State Rubio defended the Trump administration's support for Ukraine, saying that without US support, Ukraine "would cease to exist" as a country. He made the remarks in response to a question about a Wall Street Journal report that SpaceX CEO Elon Musk ordered a slowdown in the operation of the Starlink satellite system, which has been helping Ukraine defend against Russian airstrikes. Rubio said he did not know whether the president had been informed of the matter in advance; he also noted that, in any case, the United States cannot control how a private company handles its products. Rubio disclosed that US special envoy Witkoff will hold talks with the Russian side in St. Petersburg, which will be "a very tough negotiation." He said the current talks focus on the fate of the Donbas region in eastern Ukraine, and added that the two sides have put forward some "creative ideas" to bridge differences.
Samsung Electronics and SK Hynix upgrade their Chinese factories to meet AI demand.
Reuters reports that Samsung Electronics and SK Hynix are upgrading their factories in China to produce more advanced memory chips, aiming to withstand pressure from rapidly growing Chinese competitors and meet massive AI demand.
NEAR Protocol推出NEAR Business，支持跨链资金管理
CoinWorld news, according to Cointelegraph, NEAR Protocol has launched NEAR Business, a private multisignature treasury that allows crypto teams to make employee payments, swap assets, and transfer funds across more than 35 chains, requiring signer approval.
The 4-hour trading volume ratio of BTC contracts to spot is 7.05.
CoinWorld data: Over the most recent 4 complete hours, BTCUSDT perpetual contract trading volume was 7.05 times spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it fell by 3.1295; compared with the same-caliber snapshot 7 days earlier, it fell by 2.104.
U.S. Dollar: ADP report shows 18,500 new jobs added per week
According to CoinWorld news, on the U.S. dollar front, the ADP weekly employment report showed that private-sector employers added an average of 18,500 jobs per week during the four weeks ending October 3, 2026. A Reuters survey showed that 94 of 100 economists expect the Federal Reserve to raise the federal funds rate to 4.00%-4.25% by the end of 2026. All 100 economists expect the Fed to raise rates in December 2026. U.S. Treasury Secretary Bessent said the U.S. bond market is performing well and that no spillover effects from the situation in France have been seen. On the pound front, data from the UK Office for National Statistics showed that the employment rate rose slightly and the unemployment rate edged down in the latest quarter. UK traders expect UK gilt issuance to increase by 3.4 billion pounds due to narrowing fiscal space. On the euro front, data from the German Federal Statistical Office showed that, affected by the war in the Middle East, German petroleum product prices rose by more than 50% year-on-year in September.
The VXN Nasdaq 100 Volatility Index stands at 25.22 points.
Bjie.com US stock data: The VXN Nasdaq 100 Volatility Index closed at 25.22 points. Compared with the same-caliber snapshot 24 hours earlier, it fell 0.34 points; compared with the same-caliber snapshot 7 days earlier, it rose 4.08 points.
Russian Ministry of Defense: Russian forces struck a Ukrainian electrical substation.
Russian Ministry of Defense: Russian forces struck a Ukrainian electrical substation.
Russian Ministry of Defense: Russian forces struck a cargo ship in the Black Sea.
Odaily News, Russian Ministry of Defense: Russian forces hit a cargo ship in the Black Sea.