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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
AI industry faces investor scrutiny as Elice plunges 32% on trading debut
According to CNBC, the AI boom may be entering a more severe phase, with investors increasingly questioning whether the billions of dollars being poured into data centers can translate into sustainable profits. The dismal listing of South Korean AI infrastructure provider Elice has become the latest warning signal, and investors may scrutinize ambitious expansion plans and paths to profitability more closely. On Tuesday, shares of the Seoul-based Neocloud company plunged 32% on their first day of trading, even though its initial public offering was priced at the top of the market range. On Wednesday, the stock rebounded by about 30%.
Over $23.2 million flowed into the U.S. spot BTC ETF market.
According to data from Bijie.com, more than $23.2 million flowed into the U.S. spot BTC ETF market yesterday, with net inflows reaching as high as $23.2 million. Among them, the largest inflow was IBIT, with a single-day net inflow of $29.9 million, followed by FBTC, with a total of $3.6 million. The data is for reference only.
The spokesperson for the Saudi-led coalition: intercepted and destroyed drones in Medina and the eastern region.
Saudi-led coalition spokesman: Drones intercepted and destroyed in Medina and the eastern region.
Today AI, founded by Qi Junyuan, former head of Doubao PC, has raised over $200 million in cumulative funding.
Today AI, founded by Qi Junyuan, former head of Doubao's PC division, has announced that it has raised over $200 million in cumulative funding. Investors include IDG Capital, Tencent, 5Y Capital, Ant Group, Sequoia China, Transsion Holdings, Tongge Venture Capital, and Shanghai Jiao Tong University's Hanyuan Assets. Today originally planned to build software first, then develop hardware, and finally train its own models. Now the R&D sequence has been adjusted so that software and model development proceed in parallel, and an early experimental version of the model already exists. The team said that while existing large models are becoming increasingly capable at programming, their ability to communicate naturally with users and understand personal preferences has not improved in tandem. Today hopes to train a model specifically suited for personal assistants, while hardware is planned to be developed jointly with partners.
I expect the next rate hike to take place in December.
Banking Circle news, former Bank of Japan Executive Director Eiji Maeda: I expect the next rate hike to take place in December, followed by another hike in March or April. The current pace of rate hikes has accelerated to roughly once every three months, and I think this is appropriate.
USD1 trader opens a 5x long on $SPCX
CoinWorld data: Lookonchain reports that usd1 traders are opening 5x long positions on $SPCX, with 5 wallets depositing usd1 and opening longs on a total of 16,287 spcxusd1 (worth approximately $2.63 million), currently with unrealized profits of about $223,000.
Analyst: U.S. spot Bitcoin ETFs saw net inflows of $23.2 million, while spot Ethereum ETFs saw net outflows of $26.1 million.
According to Farside, U.S. spot Bitcoin ETFs recorded total net inflows of $23.2 million yesterday, with IBIT seeing net inflows of $29.9 million, FBTC net inflows of $3.6 million, and BITB net outflows of $10.3 million. Spot Ethereum ETFs recorded total net outflows of $26.1 million, with ETHA seeing net outflows of $33 million, FETH net inflows of $3.6 million, and Grayscale Ethereum Mini Trust (ETH) net inflows of $3.3 million.
A whale holding Google contracts liquidated $44 million and shifted to building long positions in ZEC and ETH.
According to CoinWorld news, a whale holding approximately $44 million in Google contracts closed 128,400 contracts, incurring a loss of about $919,300. The whale bought about 14,800 ZEC, worth approximately $18.7319 million, with an unrealized profit of about $333,300, and opened a new long position of 1,935.58 ETH, worth approximately $4.7437 million, with an unrealized loss of about $8,688. In addition, the whale also holds a long position in Amazon worth approximately $1.2272 million, with an unrealized profit of about $14,300.
Update on changes in USDT and USDC circulating supply
CoinWorld data: USDT circulating supply is 182.768 billion USD, down 234 million USD from the previous day; USDC circulating supply is 72.29 billion USD, up 44.8847 million USD from the previous day. Compared with the same-caliber snapshot 24 hours ago, it is down 0.13%; compared with the same-caliber snapshot 7 days ago, it is down 0.64%.