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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
Micron Technology reaches labor agreement with Taoyuan union
Micron Technology said it has reached a labor agreement with the Taoyuan labor union in Taiwan, China, and both parties have agreed to withdraw from the mediation proceedings originally scheduled for October 22.
Total Put/Call ratio for US stock options reported at 0.87
CoinWorld US stock data: The total Put/Call ratio for US stock options is 0.87, with call option trading volume higher than put option volume on the day. Compared with the same-caliber snapshot 24 hours ago, it is flat; compared with the same-caliber snapshot 7 days ago, it is up 0.04.
Muse continues to top the charts, surpassing 10 million downloads in the U.S. within the first 40 days of launch.
According to a Coin World report, Caixin reported on October 21 that the latest data from Sensor Tower shows that since its launch in September, Meta Muse's downloads have reached 10.9 million, of which 10.2 million came from the United States. Analysts pointed out that Meta's ability to repeatedly create hit products is largely due to its strong app ecosystem and cross-platform traffic diversion capabilities. Current conditions show that Muse's user retention rate is better than that of AI competitors such as ChatGPT, Claude, and Grok. In the U.S. market, the app's retention rate after 7 days is 30%, and after 14 days it is 23%. By comparison, its competitors' average 7-day retention rate is 19%, and their average 14-day retention rate is 16%.
Blackstone CEO: Slowing AI buildout could hurt the economy
BlackRock's CEO said that slowing down the buildout of artificial intelligence could harm the economy, according to Bihang News.
The premium of Oman crude oil to Dubai crude oil has fallen to a near three-month low.
CoinWorld data: The premium of Oman crude over Dubai crude has fallen to about $4 per barrel, the lowest level in nearly three months. This spread reflects the strength of the physical crude market in the Gulf region. Despite escalating Iranian attacks on shipping, major Middle Eastern exporters have still managed to get more tankers through the Strait of Hormuz, or to bypass the waterway via pipelines, demonstrating the resilience of the region's oil exports.
Rising fuel prices are the main reason UK inflation came in higher than expected.
According to BBC, the UK's inflation rate in September was 3.5%, slightly higher than analysts' expectations. Rising fuel prices were the main reason inflation came in above expectations, and the recent sharp rise in the cost of living has largely been driven by higher fuel prices. Currently, the average price of unleaded petrol in the UK is around £1.74 per litre, while diesel is even higher at £1.99, although both have edged down slightly from the record high of £2 set earlier this month. Since most goods are transported by truck or van, the impact of fuel prices is far-reaching.
Former Alibaba P10 algorithm director is preparing an RSI startup: first-round valuation of about $80 million.
BiJie Network news: Zhu Xiaoyong, former Alibaba P10 algorithm director, is preparing to start a company focused on RSI, with a first-round valuation of about $80 million. He previously served as a principal applied scientist at Microsoft and was responsible for model R&D and self-evolution-related work at Alibaba. RSI stands for recursive self-improvement, with the goal of enabling AI to participate in improving its own training and operating methods. Zhu Xiaoyong's team plans to enter the market through open-source tools, data, and model training services, helping companies in industries such as healthcare, robotics, and chips use their own data to continuously optimize proprietary models.
UK inflation in September came in higher than expected, reinforcing the prospect of an interest rate hike.
Data from Bihang.com: According to data released by the UK Office for National Statistics on Wednesday, the inflation rate rose to 3.5% in September, up from 3.1% in August and exceeding the 3.4% previously forecast by economists surveyed by Reuters. This figure not only puts pressure on household finances but also further strengthens the case for the Bank of England to raise interest rates next month. The market expects the Bank of England to raise interest rates by 25 basis points next month, bringing the rate up to 4%. This is the first such action by the Bank of England since the Iran war triggered a global surge in energy prices. The Monetary Policy Committee had predicted that inflation would reach 4% in the first quarter of next year, driven by another rise in energy prices—twice its 2% target level.
Gate's latest proof-of-reserves report: total reserve scale rises to $8.688 billion.
CoinWorld data: Gate has released its latest reserve report. As of October 18, 2026, the platform's total reserves rose to $8.688 billion, up 5.7% quarter-over-quarter, with an overall reserve ratio of 118.49%, continuing to exceed the 100% industry safety benchmark. This report covers 500 cryptocurrencies. In terms of core asset reserves, BTC user assets grew to 21,156 BTC, platform reserves grew to 25,727 BTC, and the reserve ratio rose from 120.32% to 121.60%. ETH user assets grew to 362,785 ETH, platform reserves grew to 449,042 ETH, and the reserve ratio rose from 123.59% to 123.78%. In terms of stablecoins, the total user assets of USDT, USD1, GUSD, and USDC amounted to approximately $1.497 billion, with corresponding platform reserves of $1.746 billion, resulting in a combined reserve ratio of 116.59%. In addition, the reserve ratios of major assets such as DOGE, GT, and SOL reached 106.76%, 129.00%, and 102.51%, respectively, all above the 100% safety line.