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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
Musk: The bottleneck in AI development lies in electricity and infrastructure.
According to CoinWorld news, Musk stated that the bottleneck in AI development lies more in electricity, cooling, and infrastructure rather than in chips.
Stablecoin transfer volume reached $891 billion in the third quarter of 2026.
CoinWorld data: According to Cointelegraph, in the third quarter of 2026, stablecoin transfer volume reached $891 billion, more than quadrupling since early 2023, mainly due to expanded stablecoin adoption by U.S. banks.
JPMorgan predicts Bitcoin's annual return at 10% for the first time.
CoinWorld data: JPMorgan Asset Management, in its 2027 Long-Term Capital Market Assumptions report, has for the first time projected a compound annual return of 10% for Bitcoin over the next 10 to 15 years. This forecast surpasses the 7.5% for large-cap U.S. equities, 5.5% for gold, and 7% for the classic 60/40 stock-bond portfolio. However, the report notes that Bitcoin's annualized volatility is 55%, far higher than gold's 17%. JPMorgan stated that although it has provided a return range for Bitcoin for the first time, it has not yet incorporated it into its main covariance matrix. Bitwise Chief Investment Officer Matt Hougan welcomed the forecast but believes that JPMorgan's volatility assumption is too high, making the return projection overly conservative.
An unknown wallet transferred in 674 BTC, worth approximately 55.8864 million USD.
According to CoinWorld data: Whale Alert monitoring shows that an unknown wallet has just received an inflow of 674 BTC, equivalent to approximately 55.8864 million USD at current prices.
Evernorth Holdings（XRPN）在Uphold上市，用户可购买
CoinWorld data: Uphold has announced that Evernorth Holdings (XRPN) is now available for trading on its platform. XRPN is a publicly traded company backed by a large XRP treasury. Users can purchase a portion of Evernorth shares through the Uphold app. The listing comes shortly after Evernorth began trading on Nasdaq under the ticker XRPN on October 12. Evernorth entered the public market following the completion of its business combination with Armada Acquisition Corp. II, holding approximately 473 million XRP and about $300 million in cash proceeds. The company is led by former Ripple executive Asheesh Birla, with investors including Ripple, SBI Group, Kraken, and Pantera Capital. Evernorth plans to partner with Ripple, Kraken, Coinbase, and BitGo to use its XRP treasury for institutional strategies.
SpaceX Q3 earnings beat expectations, with AI revenue growing significantly.
Benzinga reports that SpaceX's third-quarter financial results exceeded expectations, with AI revenue growing significantly.
SpaceX earnings report: Q3 revenue of $14.58 billion, AI business grew ninefold
CoinWorld news, SpaceX (SPCX.O) financial results show that, driven by growth in artificial intelligence and Starlink businesses, its third-quarter revenue was $14.58 billion, exceeding analysts' expectations of $12.72 billion, and net profit reached $4.4 billion, far exceeding expectations of $1.57 billion. AI business revenue grew more than ninefold to $7.6 billion, mainly from leasing computing power. Although capital expenditure nearly tripled to $19.6 billion, of which AI accounted for $16.4 billion, SpaceX expects this level to remain unchanged in the near term. Starlink users reached 13.6 million, higher than analysts' expectations of 12.19 million, but average revenue per user per month has fallen from $99 to $69.
TD Securities: US Treasury expected to hit debt ceiling in 2027
Coin World news, TD Securities said the U.S. Treasury may hit the debt ceiling and exhaust its cash around September 2027, and related negotiations are likely to go down to the wire. Strategists Molly Brooks and Gennadiy Goldberg said in a report that a Congress controlled by Democrats is slightly more likely to pass the relevant legislation than a divided Congress. U.S. Treasury data show that the current debt ceiling is $41.1 trillion, and as of October 19, the total public debt subject to the limit was $40.199 trillion. This means that before the debt ceiling formally becomes a hard constraint, the government still has about $904.7 billion in borrowing room. Once the ceiling is reached, the Treasury can launch a series of "extraordinary measures" to maintain borrowing capacity within the limit while drawing down its cash balance and sharply reducing short-term Treasury bill issuance. Therefore, TD Securities expects the so-called "final default date" to be delayed until later in 2027.
Super Micro Computer expects revenue of $18.5 billion to $19.5 billion for the first quarter of fiscal year 2027.
CoinWorld news, Super Micro Computer today released its earnings preview for the first quarter of fiscal year 2027, expecting total operating revenue of $18.5 billion to $19.5 billion and a gross margin of 12% to 12.5%. The company said both revenue and gross margin are significantly higher than previous guidance, mainly driven by increased demand for AI platforms. Super Micro Computer focuses on enterprise, cloud, artificial intelligence and other fields, providing overall IT solutions including servers and storage. The company will hold an earnings conference call on November 3, 2026, to disclose the detailed data of its official financial report.