An address linked to TechnoRevenant incurred a $1.7 million loss on Papertrade, earning 136 million PAPER tokens to become the second-largest holder of PAPER.

OKX official announcement shows that the platform will launch WUSD and BLURUSD-based X-Perp contracts on October 13, with support for web, mobile app and API trading. The specific opening times (Beijing Time) are as follows: 16:00 for WUSD-based X-Perp contracts, and 16:15 for BLURUSD-based X-Perp contracts.

According to DefiLlama data, Papertrade’s 24-hour revenue hit $4.02 million, placing it third in the overall protocol revenue rankings. It outpaces Pump ($2.11 million) and Hyperliquid ($1.7 million), coming in second only to Tether and Circle.

AI-native economy Layer 1 (L1) blockchain project Neura announced via tweet that it will take offline its v1 testnet and Neuraverse as it moves to the next phase. The team has taken full snapshots of point balances, leaderboards, task completions, and activity histories to ensure no data is lost.

According to Caixin, a UK court has issued a key ruling in the cross-border asset recovery dispute involving over 61,000 Bitcoin linked to China’s Tianjin Lantian Gerui illegal fundraising case. A judgment obtained by Caixin from the UK High Court on October 12 (local time) shows that the High Court ruled property rights claims filed by Chinese investors over the Bitcoin in question should be adjudicated under Chinese law, not UK law. This means around 16,000 Chinese victims who have joined the UK recovery process may not be able to claim the massive value gains from Bitcoin’s price surge under UK law, and can only recover their principal plus interest at most. Qian Zhimin purchased Bitcoin via Huobi in 2014 at an average price of around 2,815 yuan. Since then, Bitcoin’s price has risen sharply. Despite multiple rounds of extreme volatility, as of October 12, 2026, Bitcoin’s price stood at around 560,000 yuan, roughly 200 times the average price Qian paid back then. During the trial held from July 7 to 9 this year, the Director of the UK Crown Prosecution Service argued for applying Chinese law, while the liquidator of Tianjin Lantian Gerui Electronic Technology Co., Ltd. supported this stance. Lawyers representing Chinese individual investors, however, advocated applying UK law or a combination of Chinese and UK laws. The court ultimately upheld the position of the UK prosecution authorities.

Beating AI Express (Insight) News: Alibaba’s Qianwen is set to launch a personal intelligent agent named "Qianwen Go!", which can operate real apps to handle complex tasks requiring repeated queries and communication on users’ behalf. According to beta test cases, it can already help users claim flight delay compensation and apply for Taobao price protection refunds. In one instance, a user only remembered a previous round-trip flight between Lanzhou and Hangzhou was delayed, but could not recall the specific flight number. Qianwen Go! checked four orders from four airlines, finally identifying China Eastern Airlines flight MU2445. After encountering issues with the customer service hotline, it switched to online customer service. Initially, the agent offered only a 70-yuan voucher; after the user rejected this, Qianwen Go! continued negotiating, ultimately securing 70 yuan in cash transferred to the user’s Alipay account. In another case, Qianwen Go! automatically checked a Taobao order, found a wok eligible for price protection, and successfully applied for a 52-yuan price difference refund. Initial supported scenarios also include car maintenance inquiries and bookings, sports venue reservations, and calculating the actual take-home price of home appliances, covering comprehensive subsidies, old appliance recycling, and delivery/installation fees. Qianwen had previously integrated Alibaba ecosystem services including Taobao, Fliggy, and Amap, enabling users to shop, order takeout, and book flights. This upgrade further extends to non-routine tasks such as after-sales and claims, where the agent must adjust its operational path based on execution results.

Per Farside’s monitoring, U.S. spot Bitcoin ETFs posted a total net outflow of $65.4 million yesterday. Breakdown: IBIT saw a net outflow of $65.4 million, while FBTC, BITB, ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC, and BTC recorded no inflows or outflows. Separately, U.S. spot Ethereum ETFs saw a total net outflow of $85.4 million yesterday. Breakdown: ETHA had a net outflow of $75.1 million, ETH posted a net outflow of $10.3 million; ETHB, FETH, ETHW, TETH, ETHV, QETH, EZET, MSSE, and ETHE had no inflows or outflows.