South Korean crypto influencer "Coin King Jonbur Kim" acquitted in $253 million crypto fraud case.

According to DefiLlama data, Papertrade has generated a cumulative revenue of $42.24 million in its first six days since launch, currently ranking second in global protocol daily revenue rankings—surpassing Circle and trailing only Tether. Separately, Papertrade’s official website shows the protocol has distributed a total of $41.58 million to PAPER stakers, meaning 98.46% of its revenue is allocated to token holders who stake their tokens. It should be noted that the above protocol revenue is calculated from three sources: a 2% fee on realized profit and loss (PnL) of closed trades on the platform, a 2% fee on collateral from liquidation losses, and liquidity provider (LP) balances transferred to PAPER stakers after exceeding the $5 million LP cap. Thus, the so-called "protocol revenue" largely stems from LP balance growth driven by platform traders’ losses. Per official documentation, PAPER stakers’ dividends come from two streams: a 2% protocol "tax" revenue (split equally with developers), and all LP balances exceeding the $5 million cap, which are fully allocated to stakers. As a result, the protocol forms a closed loop where "losers receive platform equity (PAPER), winners take the losers’ funds, and the protocol taxes winners to subsidize the losers."

Jelitics once said, "You can sell me all your $SI tokens." But today, he sold half of his position at a loss, dumping 21.38M $SI ($279K). He invested a total of $1.4M in $SI and is now down $562K.

For a long time, telecom stocks have been viewed by investors as relatively safe investment options, characterized by predictable growth, limited downside risks, and generous dividends. However, competition from SpaceX and rising U.S. Treasury yields are threatening this investment thesis. SpaceX (SPCX.O) announced last week that it has acquired a block of wireless spectrum, enabling it to directly provide mobile communication services via Starlink satellites. This could turn the Elon Musk-led aerospace tech company into a major mobile operator. Following the announcement, shares of Verizon Communications, AT&T, and T-Mobile U.S. all posted double-digit percentage declines on Friday. John Conca, a telecom analyst at Third Bridge Group, said: "Competitive risks are emerging in an unprecedented way. The market believes this may just be the beginning."

U.S. Office of the Comptroller of the Currency (OCC)’s latest report notes that some large banks have relaxed restrictions on digital asset-related operations, though it remains unclear whether these adjustments have actually improved the ability of relevant firms to access financial services. The OCC warns that even with such relaxed restrictions, operational constraints may still effectively exclude certain digital asset companies from the financial services system.

UK-listed company Smarter Web Company has purchased an additional 83 BTC for roughly ￡5.2 million (about $6.9 million), lifting its total Bitcoin holdings to 2,830 coins. Meanwhile, the firm cut its outstanding borrowings under its Coinbase credit line from approximately ￡17 million ($22.5 million) to around ￡16 million ($21.2 million).

A DeepSeek staff member announced that from 8:11 to 13:04 Beijing Time on October 15, 2026, the company’s service system malfunctioned, rendering its API services unavailable during that period. DeepSeek has immediately launched a comprehensive investigation and thorough rectification to improve service stability, fully sorting out and eliminating single-point dependencies to firmly prevent similar issues from recurring. As compensation, DeepSeek will fully refund users for their consumption within the 7-day window from October 8 to October 14 via automatic bonus credits, which will be credited to users’ accounts automatically. API billing deductions will first be applied to the bonus account. DeepSeek apologizes again for the impact of this outage and thanks all users for their continuous trust and support.