Over the past 12 hours, UNITREE saw total liquidations of $1.9284 million across its network, including $1.9049 million in short position liquidations.

Beating AI News, a crypto and blockchain news outlet, reports that renowned developer DHH (David Heinemeier Hansson) introduced his self-developed Linux desktop system Omarchy at the GOSIM conference in Shenzhen on October 17, and later attended a developer gathering with over 500 registrants. The next day, he praised Huawei’s MateBook Fold foldable device as futuristic, but in the evening criticized Chinese software as overly crude, naming WeChat, Alipay, and HarmonyOS. DHH stated that while he greatly admires China’s AI models and hardware, its software design remains confusing to him. He elaborated that the issues center on interface aesthetics, user workflows, and detail refinement, citing problems like insufficient white space, inconsistent margins, jarring page transitions, rough animations, and disorganized information architecture. DHH noted that large Silicon Valley apps still hold a clear lead in these areas. Some netizens pushed back, arguing that WeChat and Alipay integrate a wide range of lifestyle services including payments and transportation, reducing the need for users to switch between apps, so complex interfaces are unavoidable. DHH disagreed, asserting that rich functionality and refined design can coexist, and there is no excuse for super apps to be so crude. Others in the comment section pointed out that the complexity of domestic apps is tied to commercialization: splash-screen shake-to-open ads, loan portals, and short video recommendations are increasingly crowding out core functional interfaces. One developer analogized this to adding loan features to X and stuffing TikTok into Stripe.

According to market data, South Korea Bull 3X ETF (KORUB) rose nearly 18% in 24 hours, with its market capitalization reaching $22.65 million and 24-hour trading volume hitting $53.11 million. KORUB is a tokenized bStock that grants users economic exposure to the South Korea Bull 3X ETF; each token is fully backed by the corresponding underlying stocks held by the issuer at a U.S.-regulated broker-dealer. South Korea’s stock market has recently experienced a sharp slump. On October 16, the South Korean Ministry of Finance issued a response, stating it will closely monitor whether stock market volatility spreads to the bond, foreign exchange, and money markets. The government and relevant agencies will enhance stock market monitoring and strictly address any acts that disrupt market order. The statement noted that strong economic growth expectations, current account surpluses, and solid corporate earnings confirm that South Korea’s stock market fundamentals remain sound.

According to TradingBeats' monitoring, the ETH short position at address 0xb15b…dbae saw another partial liquidation in the afternoon, with around 1,416 ETH forcibly liquidated, a liquidation turnover of approximately $3.46 million, and a corresponding realized spread loss of about $112,000. Earlier that day, the address had already undergone three partial liquidations, totaling roughly 6,747 ETH liquidated, with a total liquidation turnover of $16.32 million. As of press time, the address still holds around 5,663 ETH short positions, with a position value of approximately $13.76 million, an average entry price of $2,365.86, and an unrealized loss of roughly $362,000. The current position uses 25x full leverage, with a liquidation price of about $2,452.74.

ARK Invest founder Cathie Wood recently stated that memory chips have entered a buy zone, adding that the rapid rise in memory prices and the impact of falling electronics sales have already been partially priced into stocks. In contrast, Michael Hartnett, Chief Investment Strategist at Bank of America Global Research, pointed out that the end of market sell signals does not mark the arrival of a buying opportunity, as two key prerequisites for a return to risk assets remain unmet. The surge in memory chip prices is mainly driven by AI servers crowding out production capacity, with original manufacturers shifting more output to high-bandwidth memory (HBM) and server DDR5, resulting in tightened supply for consumer-grade memory. According to TrendForce data, DRAM contract prices are projected to rise 90%–95% quarter-on-quarter in Q1 2026 and 58%–63% in Q2 2026, while NAND Flash contract prices will increase 55%–60% and 70%–75% respectively in the same periods. Soaring memory costs have also begun to impact the consumer electronics supply chain. Citing IDC data, global smartphone shipments in Q3 2026 fell 22% year-on-year to 255.3 million units. Memory original equipment manufacturers (OEMs) benefit from the price hikes, while end-device brands face the dual challenges of rising costs and weak sales. Key areas to monitor going forward include whether DRAM/NAND contract price gains continue to narrow, whether declines in smartphone and PC shipments improve, whether memory’s share of end-device material costs has peaked, and whether memory OEMs will reallocate production capacity to consumer-grade products.

Full-chain Rollup L1 network Initia announced that due to Circle’s upcoming shutdown of USDC on Noble, USDC on Initia will be migrated to Injective. Initia Labs has developed a Redemption Vault, so users do not need to take any action. Existing USDC.n will remain functional; newly deposited USDC will arrive as USDC.inj, and outgoing USDC.n will be automatically redeemed to USDC.inj via the vault and sent to the intended address. Applications may gradually transition from USDC.n to USDC.inj, and users can also swap at a 1:1 ratio via the Initia Wallet. Initia stated that after January 12, 2027, only Noble USDC held in wallets will be eligible for redemption from Circle, at which point USDC.n on Initia will no longer be redeemable. The vault allows USDC.n holders to avoid rushing to act before the Noble CCTP deprecation deadline. The full proposal is published on Initia Scan.

Elon Musk plans to give one share of SpaceX stock to every child in the U.S. next year. Calculated based on SpaceX’s October 16 closing price of $146.03, the total value of the shares would be around $10.222 billion if covering roughly 70 million children, and about $10.714 billion if covering the 73.37 million eligible children estimated by the U.S. Treasury for 2026. The White House announced on October 7 that nearly 70 million "Trump accounts" have been established, with over 60 million created via automatic registration. If the share gifting plan is implemented through these accounts, the existing account count can serve as a preliminary estimate. All amounts are calculated at current stock prices; the actual scale of the share gifts and their total value depend on the final number of recipients, the implementation plan, and the stock price at delivery.