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More →Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline. Standard Chartered-backed stablecoin venture Anchorpoint says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users, declining to confirm a launch date after rival HSBC rolled out RedCoin, <a href="https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches" rel="nofollow noopener" target="_blank">>according</a> to the South China Morning Post. The <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">venture</a> released its institutional stablecoin product in August and previously <a href="https://anchorpoint.hk/faqs/" rel="nofollow noopener" target="_blank">>indicated</a> a retail offering could arrive as early as the end of 2026. Anchorpoint CEO Dominic Maffei declined to confirm that timeline at a Friday press conference, saying the company would take a prudent approach. “We believe it’s important to build the market out in a long-term, sustainable manner,” Maffei said, adding that rushing a launch “does not make sense.” The update comes after <a href="https://cointelegraph.com/news/hsbc-launches-redcoin-hong-kong-dollar-stablecoin-payme" target="_blank" rel="nofollow">HSBC launched its Hong Kong dollar-backed RedCoin</a> on Friday for the 3.3 million users of its PayMe app. <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">Anchorpoint grew out of a partnership</a> between Standard Chartered, Animoca Brands and telecommunications provider HKT, which was announced in February 2025, following their joint participation in Hong Kong’s stablecoin issuer sandbox in July 2024. Animoca’s role is to bring its blockchain expertise and industry network to the venture and help develop uses for the stablecoin across the Web3 ecosystem. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/hashkey-begins-beta-distribution-of-hong-kong-regulated-hkdap-stablecoin" target="_blank" rel="nofollow"><em><strong>HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin</strong></em></a>
WTI crude oil fell 2% intraday to $100.73 per barrel.
According to Bijie.com, WTI crude oil fell 2% intraday to $100.73 per barrel, while Brent crude oil dropped 1.5%.
Musk: SpaceX completes $40 billion debt financing, predicts wave of consolidation among new cloud providers
According to a report by Bijie, SpaceX CEO Elon Musk posted on X that SpaceX has completed $40 billion in debt financing, with the funds to be used for purchasing GPUs. He pointed out that the current financing environment in the debt market is clearly diverging, and it is basically difficult for companies to obtain financing if they do not have substantial revenue independent of AI data centers. Musk predicts that new cloud providers will face a wave of large-scale consolidation and bankruptcies, and stated that SpaceX will not acquire any new cloud providers, calling such a move "meaningless." He mentioned that new cloud providers such as Nebius and CoreWeave mainly serve technology customers, providing computing resources built specifically for AI. The market has already begun to take a bearish view of U.S. new cloud and data center companies, worried that their model of expanding AI computing power through debt is not sustainable, which has triggered a sell-off in the sector.
Singapore's energy minister: Saudi Arabia will begin storing crude oil in underground rock caverns in Singapore's Jurong from the second half of 2027.
Singapore's energy minister said Saudi Arabia will begin storing crude oil in underground rock caverns in Jurong, Singapore, starting in the second half of 2027, according to BiJie Network.
Alibaba Cloud, Beijing AI Industry Investment Fund, and others have taken stakes in Kling AI.
According to BiJie.com, Alibaba Cloud and the Beijing Artificial Intelligence Industry Investment Fund have recently taken stakes in Kling AI. Data from Qichacha shows that Beijing Kling Intelligent Technology Co., Ltd., the company associated with Kling AI, has undergone industrial and commercial registration changes. Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd., Beijing Artificial Intelligence Industry Investment Fund (Limited Partnership), and Muxi Digital Intelligence (Shanghai) Technology Co., Ltd., a wholly-owned subsidiary of Muxi Shares, have been added as shareholders, while the registered capital has increased to 87.447 million yuan.
The California Department of Financial Protection and Innovation opposes the SEC's proposed rules on crypto asset regulation.
Bitcoin News reports that the California Department of Financial Protection and Innovation (DFPI) has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing its proposed "Crypto Asset Regulatory Rules," arguing that restricting state-level registration and qualification review requirements would weaken pre-issuance investment screening. The proposal would allow eligible issuers to raise up to $5 million over four years through a startup exemption, or up to $75 million in any 12-month period through a crypto financing exemption, with disclosure and reporting requirements. Federal anti-fraud provisions would still apply, and states would retain authority to investigate securities fraud and unlawful broker-dealer conduct.
Cailian Press, October 26 — The central bank conducted 56 billion yuan of 7-day reverse repurchase operations today at an interest rate of 1.40%. It also conducted 398 billion yuan of overnight reverse repurchase operations.
BiJie Network News, Cailian Press, October 26: The central bank today conducted 56 billion yuan of 7-day reverse repurchase operations at an interest rate of 1.40%. At the same time, it conducted 398 billion yuan of overnight reverse repurchase operations.
BTC liquidations totaled $17.1976 million over the past 24 hours.
According to Bijie.com data, BTC liquidations over the past 24 hours totaled approximately $17.1976 million, with 1,474 liquidation orders recorded. This represents a decrease of 85.4% compared with the same-caliber snapshot 24 hours earlier, and a decrease of 74.62% compared with the same-caliber snapshot 7 days earlier.
The air defense system intercepted and destroyed a ballistic missile launched by the Houthis toward Riyadh.
Saudi-led coalition: Air defense systems intercepted and destroyed a ballistic missile launched by the Houthis toward Riyadh.
CZ：BNB Chain新L1计划将与BSC并存
CoinWorld news: CZ quoted a tweet about BNB Chain's new L1 plan and said, "Multiple chains, one coin." According to the tweet, which cited BNB Chain's official documentation, the new L1 will coexist with BSC, connected via a native cross-chain bridge, will not issue a separate token, and will continue to use BNB for transaction fees, staking, and governance. The name of the new chain is yet to be determined. It targets 200 ms block times and approximately 20 ms transaction pre-confirmation. An internal multi-validator devnet is already running, with a testnet planned for launch by the end of 2026 and a mainnet in early 2027.