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More →Russia says it struck deployment points of foreign mercenaries in Ukraine.
BiJie Network News: Today, Russia released a battle report stating that the operational-tactical aviation, attack drones, missile forces, and artillery of various Russian troop groupings struck 147 areas, including energy and transportation infrastructure used by the Ukrainian Armed Forces, storage and launch sites for long-range drones, and temporary deployment points of Ukrainian troops and foreign mercenaries. Russian air defense forces shot down one Storm Shadow cruise missile, four Neptune missiles, and 1,297 fixed-wing drones.
Both U.S. parties criticize AI executives for being out of touch with the public, demanding they talk less and do more.
According to news from Bijie, U.S. lawmakers from both parties and political figures believe that leading figures in artificial intelligence (AI) are gradually becoming a political liability, and they are demanding that they, like the heads of other major industries, talk less and do more, focusing on developing products and ensuring safety. AI industry leaders frequently discuss digital consciousness and global catastrophe, turning regulatory debates into moral panics that are almost impossible to resolve. Instead of actively promoting the benefits of artificial intelligence, they continuously warn of potential existential threats, further fueling public backlash against the AI industry.
SPY off-exchange short sale volume ratio reported at 57.08%
BiJie Network US stock data: SPY's off-exchange short selling volume accounted for 57.08% of the total that day. Compared with the same-caliber snapshot 24 hours earlier, it rose by 0.8377 percentage points; compared with the same-caliber snapshot 7 days earlier, it rose by 0.3323 percentage points.
Ethereum liquid staking protocol Swell suspends sweth and rsweth deposit and withdrawal services.
According to Unchained, the Ethereum liquid staking protocol Swell has suspended deposits and withdrawals for sweth and rsweth until the net asset value (NAV) and exchange rates of the two tokens are corrected and then restored. Data shows that the exchange rates reported by the sweth and rsweth contracts are approximately 1.203 ETH and 1.138 ETH, respectively, about 6% and 5% higher than previous normal levels, while the actual DEX trading prices are approximately 1.089 WETH and 1.029 WETH, respectively. On-chain analyst Spreek suspects that the relevant token management keys have been leaked and has discovered a malicious upgrade contract that may affect approximately 2,500 ETH, but no related upgrade has yet been found to have been officially executed. Swell stated that the ETH in the relevant contracts has not been transferred out, and the specific cause is still under investigation.
Ziguang Co.: The construction of computing power infrastructure continues to drive sustained improvement in demand for the company's networking, server, and other products.
CoinWorld news, [Unisplendour: Computing power infrastructure construction drives continued improvement in demand for the company's networking, server, and other products] Cailian Press, October 24 — Unisplendour stated in a reply to investors on its interactive platform that the construction of computing power infrastructure has driven continued improvement in demand for the company's networking, server, and supernode products. The company will collaborate efficiently with upstream and downstream partners across the industry chain and, relying on a diversified, stable, and sustainable supply chain system, ensure stable and continuous delivery. Regarding overseas business expansion, since the beginning of the year, the company has implemented multiple benchmark overseas projects.
Grayscale: Token supply growth may dilute holder rewards
Coin World news, Grayscale has released an analysis report warning that token supply growth in cryptocurrency applications may dilute holder rewards, and proposes a yield-oriented valuation framework. The framework calculates yield by comparing protocol revenue to market capitalization and deducts circulating supply inflation. Among the top 100 tokens by market capitalization in the FTSE Grayscale Financials Crypto Sector, HYPE holders' yield reached 8.0%, CRV was -5.5%, and CAKE had the highest adjusted yield at 14.4% (data as of October 20). Grayscale distinguishes between buybacks and burns, and values Bitcoin separately as a digital commodity.
U.S. regulators finalize stablecoin rules, Bitcoin pulls back, Solana upgrades
According to CoinWorld news, U.S. regulators finalized stablecoin rules this week, and Bitcoin gave up some of its gains after a sharp reversal in ETF fund flows. Meanwhile, Solana activated the Alpenglow upgrade. Corporate Bitcoin financing, institutional custody trading, and Ethereum's delayed testnet upgrade also featured prominently in crypto news coverage from October 18 to 24.
Two ballistic missiles launched by the Houthi militia in Yemen toward Taif and Yanbu have been intercepted and destroyed.
Saudi-led coalition says it intercepted and destroyed two ballistic missiles launched by Yemen's Houthi forces toward Taif and Yanbu.
The U.S. OCC releases final stablecoin rule, removing the automatic 7-day redemption extension provision.
CoinWorld news: The final stablecoin rules under the Genius Act issued by the U.S. Office of the Comptroller of the Currency (OCC) will take effect on January 18, 2027. The new rules remove the automatic 7-calendar-day redemption extension clause and set the upper limit for redemption processing time at 2 business days. If redemption requests on a single day exceed 10% of circulating supply, issuers must notify the OCC supervisory office and may not delay redemptions citing onboarding deficiencies. The revised PS-01 report will track unpaid tokens and redemption duration, with the first reporting dates set for January 25 and March 31, 2027, respectively.
CoinbaseMarkets: Bitcoin net long positions are concentrated at $81,993.
Coinbase Markets says the largest net long Bitcoin position is concentrated at $81,993. With Bitcoin currently trading below that level, the market is watching for changes in positioning. 64% of net long notional positions were established above the spot price. Investors will choose whether to keep adding to their positions or to close them out.