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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
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
OpenAI CEO Altman proposes consolidating AI labs
According to CoinWorld news, market sources say that OpenAI CEO Altman proposed in internal communications to integrate leading AI labs into a single organization to centrally manage the risks of frontier AI models. However, as OpenAI and Anthropic prepare for IPOs and commercialization demands rise, deep cooperation among competitors faces resistance.
Stellar (XLM) holders take note: major network upgrade announced
CoinWorld news: Stellar officially announced an upcoming major network upgrade called Bell (Protocol 30), which will simplify integration for large fintech platforms and custody services. The upgrade introduces a new address format, ledger time accurate to the millisecond, and implements post-quantum cryptographic standards. The release of stable infrastructure and SDK versions will be completed between October 16 and 23, 2026, with the final validator vote scheduled for November 23. The upgrade will prepare for commercial-scale smart accounts and begin research into quantum-safe signatures. For retail XLM holders, the announced hard fork will proceed normally, assets will be safe, and no manual swap or asset migration will be required. The Bell update package focuses on removing architectural barriers in the commercial sector; infrastructure providers, wallets, and exchanges that fail to update their SDKs before November 23 will lose the ability to recognize new ledger blocks. The upgrade will lower fintech costs, stimulate an influx of real-world commerce, increase transaction volume, and drive organic demand for XLM.
Over the past week or so
Finland's President: Over the past week or so, at both the substantive and technical levels, we have made substantial progress in quietly advancing a peaceful resolution to the war in Ukraine.
Two dormant Bitcoin wallets moved 416.7 BTC, worth approximately $33.8 million.
Bitcoin News and Onchain Lens report that two Bitcoin wallets holding BTC for 12 and 13 years recently moved a total of 416.7 BTC, worth approximately $33.8 million, to the same address. These bitcoins were originally received at prices of $127 and $355 respectively, with an initial total value of about $105,000.
Qatar says negotiations on the U.S.-Iran nuclear issue are still ongoing.
Qatar's Prime Minister's adviser and Foreign Ministry spokesperson Majed Al-Ansari said at the eighth Global Security Forum held in Doha that despite the continued escalation of tensions in the Middle East, negotiations between the United States and Iran over Iran's nuclear issue are still ongoing, and both sides remain engaged in diplomatic contact. He pointed out that the lack of public information on the progress of the negotiations does not mean the talks have stalled; closed-door diplomacy helps increase the likelihood of successful mediation, and the fact that relevant progress has not been made public may precisely indicate that the mediation efforts are advancing effectively. Al-Ansari stressed that Qatar will continue to play its diplomatic mediation role, drawing on past mediation experience to promote the resolution of regional disputes through dialogue and diplomatic channels.
The Federal Reserve's overnight reverse repurchase agreement usage stood at $227 million.
According to Bijie.com, on Tuesday, the usage of the Federal Reserve's overnight reverse repurchase agreement facility was $227 million, compared with $330 million reported in the previous trading day.
Utah sues Kalshi and a Susquehanna-affiliated company.
Utah Attorney General Derek Brown has filed a lawsuit in Utah's Third District Court against prediction market platform Kalshi and two Susquehanna-affiliated trading firms, alleging that they illegally offered sports and event contracts to local residents. The lawsuit seeks to bar residents from accessing the relevant contracts, award damages, disgorge ill-gotten gains, and asks the court to find that the platforms constitute a public nuisance. Utah estimates that Kalshi collected between $30.6 million and $61.2 million in fees from accounts in the state, and that more than 32,000 Kalshi accounts are registered under the names of Utah residents.
An unknown wallet transferred 1,993 BTC, worth approximately $165 million.
CoinWorld data: According to Whale Alert monitoring, an unknown wallet just transferred 1,993 BTC, worth approximately $165.03 million at real-time prices, to an unknown new wallet.