News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
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
Ethereum staking hits an all-time high of 43.8 million ETH.
CoinWorld data: According to Cointelegraph, Ethereum staking has reached a record 43.8 million ETH, accounting for 35.9% of the total supply. However, staking yields and the number of validators are declining, according to data from a Bitwise report.
China's first space computing power mall—the Space Computing Power Trading Platform beta version—is now online.
According to a report from Bihaiwang, China's first space computing power marketplace—the "Space Computing Power Trading Platform" beta version launched by the Beijing Space Computing Power Innovation Center—went online on October 20. The platform serves both resource suppliers and application demand-side participants in the space computing power industry chain, bringing together resources such as space computing power, space datasets, AI models, and token services, exploring paths for online display and supply-demand matching, promoting the circulation of industry resources, and providing new connection channels for upstream and downstream collaboration. During the initial trial operation phase, the first batch of participating enterprises includes companies and universities such as MinoSpace, Spacety Research Institute, Zhongke Satellite, Zhongke Xiguang Aerospace, Xinghuo Chuanming, Starlink Yuanqi, Mingti Technology, and Sun Yat-sen University.
JPMorgan: Bitcoin is expected to deliver an average annual return of 10% over the next 10 years.
Biji Network data: According to U.Today, JPMorgan Asset Management, in its latest 2027 Long-Term Capital Market Assumptions report, predicts that Bitcoin will outperform all other major asset classes over the next 10 years, with an expected average annual return of 10%. This return ranks first among all major asset classes and is expected to outperform U.S. real estate investment trusts (8.2%), small-cap stocks (7.7%), large-cap stocks (7.5%), emerging market equities (7.1%), and gold (5.5%). Bitwise Chief Investment Officer Matt Hougan noted that JPMorgan has shifted from its initial skepticism about Bitcoin to publicly predicting that it will become the best-performing asset of the next decade. Although Hougan mentioned that there are "a lot of caveats" and noted that Bitcoin is still immature, seeing Bitcoin appear in the report is still "quite striking." This is the first time JPMorgan has forecast a return range for Bitcoin. JPMorgan said it expects global capital expenditure to reach $15 trillion, mainly due to investment in artificial intelligence and other technologies, which will drive higher growth and productivity as well as strong returns over the next decade.
The U.S. 10-year real yield is at 2.74%.
CoinWorld US stock market data: The latest daily reading of the US 10-year real yield is 2.74%. Compared with the same-caliber snapshot 7 days ago, it is down 0.17 percentage points.
Jeanne Sun: Citi is bullish on U.S. stocks as the AI boom continues.
According to CoinWorld news, Bloomberg reported that Citi's Jeanne Sun discussed strong corporate earnings, AI-driven productivity gains, and how investors should navigate market volatility. She said Citi is bullish on U.S. equities while remaining cautious on Treasuries, as strong economic growth and persistent inflationary pressures are affecting yields.
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.