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More →Anthropic Gives 5% of Itself to the Public. Musk Answers by Giving Away SpaceX Shares
Anthropic, the company behind the Claude chatbot, <a href="https://www.anthropic.com/news/public-benefit-fund" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>said</a> Sunday it will commit 5% of its shares to a new Public Benefit Fund. On Monday, Elon Musk answered by promising one SpaceX share to every child in the United States next year. “The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways: for example, we might explore large donations to traditional nonprofits or direct distributions to specific populations,” Anthropic said. The company has already committed $200 million to studying that. Americans are uneasy about how fast AI is moving: an AP-NORC poll in late September found that 64% of U.S. adults say the technology is developing too fast, and 8% say too slow. Anthropic is preparing an IPO, meaning it would sell its shares to the public on the stock market, as soon as November at a reported valuation of around $2 trillion. At that price, 5% of the company would be worth about $100 billion on paper, though that is the value of the shares, not cash sitting in an account. The fund is set up as a wholly owned LLC rather than a nonprofit, which Anthropic says gives it room to switch between types of giving. The board can add another 2% of shares each time the company's value rises 50% above a baseline that has not been disclosed, and none of the fund's equity can be used for lobbying or political donations. The co-founders' pledge to donate 80% of their equity and a matching program for employee donations, and Anthropic says roughly 20% of its shares will be dedicated to the public good. The company has not said how the fund will be taxed or what it will disclose publicly, as a traditional charity must. Musk, never one to leave the spotlight to someone else, <a href="https://x.com/elonmusk/status/2112093799694372952?s=20" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>pushed</a> for Universal High Income (as opposed to Universal Basic Income) writing on X that he will give one of his SpaceX shares to every kid in America. "This will be the first of many," he added. His first reply to Anthropic, recommending "giving the shares directly to the public" instead of routing them through a fund, came Sunday night, and the pledge for kids followed early Monday, less than a day after Anthropic's announcement. Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many. — Elon Musk (@elonmusk) <a href="https://x.com/elonmusk/status/2112089556615123114?ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow external noopener" target="_blank">October 19, 2026</a> With roughly 72 million children in the country, the pledge comes to about $10.5 billion at SpaceX's price of roughly $147 a share. That is just over 1% of the 6.42 billion shares Musk held as of June 30, p
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
Tom Lee: The S&P 500 could reach 8,400 by year-end; current market sentiment is overly pessimistic.
Benzinga reports that Tom Lee said the S&P 500 could reach 8,400 by the end of the year, calling current market sentiment "overly pessimistic." He believes the midterm elections will serve as a "clearing event" that could trigger a rebound in risk appetite in tech and crypto markets.
Cardano Foundation CEO Frederik Gregaard discusses the difference between on-chain asset ownership and legal ownership.
CoinWorld news: Cardano Foundation CEO Frederik Gregaard stated that moving assets on-chain does not equate to transferring their full legal ownership.
U.S. stocks and the crypto market rose.
CoinWorld data: According to WatcherGuru, U.S. stocks and the crypto market rose, with the S&P 500 up 0.65%, XRP up 2.50%, Bitcoin up 1.35%, and Ethereum up 2.15%.
Blockworks: Details of Aptos Token Economic Reform
Blockworks Research reported that Aptos implemented a token economic reform in March this year, raising gas fees by 10 times, reducing the staking reward rate from 5.19% to 2.6%, setting the APT supply cap at 2.1 billion tokens, and permanently locking 210 million APT. After the reform, APT's annualized net supply growth rate dropped from about 5% to 1.5%, and the proportion of gas burned relative to new issuance rose from 0.2% to about 10%. As the token unlock plans for investors and the team end in October, the annual unlock scale is expected to drop from about 135 million tokens to 21 million tokens, excluding staking issuance. Blockworks estimates that if the current transaction structure is maintained, daily trading volume would need to reach about 91 million transactions for token burns to offset new issuance and achieve zero net supply growth.
The new wallet 0xb15b was liquidated 5 times in the past hour, with losses amounting to $1.11 million.
CoinWorld data: According to Lookonchain monitoring, the new wallet 0xb15b was liquidated 5 times in the past hour, with total losses reaching $1.11 million in just two days.
Brian Armstrong: Cryptocurrency accelerates the speed of financial transactions.
Coinbase CEO Brian Armstrong said that cryptocurrency has eliminated many of the waiting periods we once accepted in finance. He noted that stablecoins can move across borders on weekends and holidays, tokenized stocks can trade globally 24/7, decentralized exchanges enable real-time settlement, and on-chain lending lets people borrow without waiting for a loan officer. He emphasized that we are now moving money at the speed of information.
Oil prices surge to $111.75 on tanker attack and Saudi energy threat
Brent crude oil prices surged to $111.75 per barrel on October 20, hitting a five-month high, driven by tanker attacks and threats to Saudi Arabia's energy infrastructure, which reignited market concerns about supply disruptions in the Middle East. Over the past two weeks, at least 18 vessels have been attacked, with Iran-backed Yemeni Houthi forces claiming additional strikes on Saudi oil, airport, and military facilities. Although oil exports in the Gulf region have somewhat recovered, rising transportation costs and the recurrence of attacks threaten this improvement. According to a report by the International Energy Agency, Gulf crude oil exports increased to 13.9 million barrels per day in September, exceeding 75% of pre-war levels. However, rising transportation costs and the recurrence of attacks may affect this trend.
The spread between US 10-year and 2-year Treasury yields is 38 basis points.
CoinWorld US stock market data: The spread between the 10-year and 2-year US Treasury yields is 38 basis points, with the yield curve showing a positive slope. Compared with the same-caliber snapshot 7 days ago, it has decreased by 4 basis points.