South Korea's Financial Services Commission is considering introducing a market maker system for the digital asset market.

Beating AI Express: ArtCraft founder Brandon Thomas has leveraged Claude Opus 5.5 to open-source seven alternatives to Adobe’s creative software, all built entirely from scratch in Rust. The tools are: 1. PhotoCraft: Photoshop alternative for image editing 2. VectorCraft: Illustrator alternative for vector design 3. FilmCraft: Premiere Pro alternative for video editing 4. LightCraft: Lightroom alternative for photo management and color grading 5. EffectCraft: After Effects alternative for video effects and animation 6. DesignCraft: InDesign alternative for desktop publishing 7. PdfCraft: Acrobat Pro alternative for PDF editing and processing All seven apps are free and open-source, developed for macOS, Windows, Linux, and web browsers. They aim to closely replicate Adobe’s interfaces, tools, and keyboard shortcuts, and support integration with AI agents via MCP, enabling tools like Claude to directly operate the software and modify files. However, the applications remain in early development. While PhotoCraft covers all of Photoshop’s menu commands, Thomas admits its functionality is less than 50% equivalent to Adobe’s tool. Testing shows basic features like cutout and color grading work, but operations such as free transform remain unstable. Many users on Hacker News have also reported missing features and operational issues. Thomas initially claimed he would achieve feature parity with Adobe within a month, later revising that timeline to months for near-complete functionality. He acknowledged the software is far from mature, inviting community contributions for fixes, and plans to offer bug bounties.

TRUMP co-founder Bill Zanker revealed at Token2049 that his team is developing a TRUMP-themed game and a TV show, and is also seeking to acquire a TRUMP-themed amusement park. Zanker noted that the team’s goal in advancing these projects is to boost TRUMP’s value and satisfy its token holders.

US President Donald Trump said in a local time statement on October 7 that he is "not very keen" on reaching a deal with Iran. Earlier, NBC News reported that Trump and his national security team are discussing the possibility of resuming large-scale military operations against Iran in the coming weeks; Axios added that potential actions could include "massive bombing" of Iran’s energy, infrastructure and nuclear facilities. Speaking at a campaign rally in San Antonio, Texas, Trump noted Iran is willing to offer "anything" to end the conflict, but he currently does not wish to strike a deal. He also said US Special Envoy for Middle East Steve Witkoff is pushing forward related negotiations and "doing a good job". Recent US-Iran talks remain marked by clear divisions. US Vice President JD Vance stated that Iran must drastically reduce its nuclear enrichment capacity to meet Washington’s demands for ending the war. For its part, Iran has criticized US officials for conflicting stances and insisted its right to uranium enrichment is non-negotiable. Meanwhile, Middle East energy markets continue to be impacted by the conflict. Kpler data shows that excluding Iran, crude oil exports via the Gulf, combined with shipments from Saudi Arabia and the UAE, have recovered to around 18.5 million barrels per day (bpd) – the pre-conflict level. However, oil prices remain elevated. Kpler analysts believe that even without a new diplomatic agreement, Middle East oil shipments could gradually recover through operational adjustments, though the process will be slower and uneven.

Analyst Murphy wrote that when BTC’s price falls, liquidity from market makers naturally tilts toward bids, while traders place orders at lower prices to wait for entry points. Data shows Binance’s spot order book’s 5% depth (total liquidity within a 5% range of the current price) hit $80 million at one point when BTC dropped to around $83,000. Relative to prior periods, this level is higher than during the September 10–16 correction and close to BTC’s sideways consolidation phase at its July bottom. Calculated at $83,000, buy orders within the 5% depth range extend roughly to $79,000, meaning substantial buy support exists between $83,000 and $79,000, which could lower the risk of the price being quickly breached. Meanwhile, the gap between taker buy and sell volumes on Binance rose steadily as the price fell, signaling more aggressive buying and fewer aggressive selling orders. Murphy noted this shows traders are not displaying significant bearish sentiment: not only is there ample passive buy support below, but aggressive buying interest has actually strengthened during the price decline.

Beating AI Flash News: According to market sources, OpenAI is investigating error issues with ChatGPT and GPTs services for users in the Asia-Pacific region.

Beating AI News reports that former ByteDance intern Tian Keyu has disclosed his startup project focused on world models. His team has raised nearly $30 million from investors including Source Code Capital and IDG Capital, with a post-money valuation of $200 million. The team currently has around 10 members and has not yet launched any public products. World models are designed to enable AI to learn how objects move and change in the real world, with applications in video generation, robotics, and other sectors. Tian, the first author of the best paper at NeurIPS 2024, previously researched how AI generates images gradually from coarse to fine. Building on this work, his new team has developed a "vocabulary" of 200,000 visual tokens for video—these operate similarly to the tokens used by large language models to process text, allowing AI to handle video in a more computationally efficient manner. The team plans to train its model on 100 million hours of video. Tian states this approach could cut the cost of generating one second of video to one-tenth or even lower than current levels. The team intends to hold a public demo first, with the full model scheduled for release in 2027. He also told Bloomberg that he once shut down another intern’s program, claiming it was to free up computing power for other researchers, and admitted the action was improper. ByteDance fired him in 2024 and subsequently sued for 8 million yuan. Court documents reviewed by Bloomberg show the court ordered Tian to pay 500,000 yuan for breach of contract.