Billionaire Adam Weitsman Backs the Pudgy Penguins Community Following On-chain Acquisition of 117 Pudgy Penguins NFTs

Renowned crypto trader Ansem stated that the crypto market has posted the worst cross-asset performance in history over the past few years, driven by factors including the exodus of AI talent, lack of innovation after the DeFi boom, and an unprecedented multi-trillion-dollar revaluation of gold, compounded by one of the most severe altcoin liquidation days in history. Currently, institutional and retail investor sentiment and positioning in altcoins are at multi-year lows, even historic lows, and for this momentum-driven asset class, the only direction left is upward. Ansem further noted that the crypto industry is seeing its first altcoins in history with characteristics including minimal VC unlock pressure, genuine product-market fit, and a shifting positive regulatory environment. The industry has moved past the "spray and pray" model; tokens that actually secure capital inflows will rally rapidly, making crypto assets right now one of the most asymmetric investment opportunities for allocators to seize.

Binance will support cash dividend distributions for Micron Technology (MU) via its bStocks service. The exchange will suspend the 1:1 conversion between MU stocks and MUB bStocks, along with MUB’s deposit, withdrawal and conversion functions, at 23:30 UTC on October 13, 2026. All services will automatically resume after the dividend is allocated. Dividends generated from other accounts will be credited to users’ spot accounts.

According to Bitget market data, South Korea’s KOSPI index has extended its intraday decline to 2%. SK Hynix fell 3.2%, while Samsung Electronics dropped 1.9%.

According to EmberCN’s monitoring, two wallets linked to the Ethereum Foundation transferred 4,393 ETH (worth $11.13 million) to crypto exchange Kraken four hours ago. The wallet that sent ETH today received 59,751 ETH from an Ethereum Foundation address a decade ago, and 49,751 of those ETH were gradually moved to Kraken over the past 10 years at an average price of roughly $658.

Coinbase CEO Brian Armstrong announced on social media that the company fine-tuned the open-source model Qwen3.5-9B using its proprietary internal data, resulting in a model that outperforms leading large language models (LLMs) specifically on anti-fraud tasks, while being lower-cost and faster. Relevant charts show the post-trained model significantly outperforms both the unadapted version and the Opus 4.5 decision agent on metrics including accuracy, recall, F1 score, and dollar-weighted recall; its median online inference latency is approximately 55% lower than Opus 4.5. Armstrong noted that while leading LLMs are excellent general-purpose tools, specialized fine-tuned models will increasingly prevail for narrower tasks, whether operating independently or in collaboration. Coinbase is simplifying the fine-tuning process for internal staff, has rolled out one-click launch commands in its internal tools, and some backend services may eventually be fully replaced by such architectures.

According to market data from BIT (bit.com), cloud computing service provider IREN jumped more than 5% in after-hours trading. Reports indicate that Anthropic has signed a cloud service agreement with IREN. Meanwhile, U.S. crypto-related concept stocks extended their after-hours gains: Circle rose over 2%, while Strategy and Coinbase each climbed nearly 2%.