People's Bank of China: Step up efforts to provide financial support for the development of the artificial intelligence industry

This new wallet (0xb15b) suffered multiple liquidations over the past 10 hours, with a total of 8,163 $ETH ($19.78M) liquidated.

According to HTX market data, Bitcoin has returned to the $83,000 mark, currently trading at $83,096, with a 1.09% gain over the past 24 hours.

According to the Financial Times, the total deposits in crypto "vaults" have grown from $4 billion at the start of last year to over $10 billion. Financial technology firms, digital asset treasury management institutions, and hedge funds are the main depositors of these vaults. These vaults operate via smart contracts on DeFi platforms. Each vault has a "manager" (equivalent to an investment manager) responsible for selecting lending and borrowing strategies, setting risk limits, and collecting fees. Their yields typically range from 3% to 10%, while higher-risk strategies can even generate returns of 20% or more. However, this exposes depositors to collateral risks, liquidity risks, and smart contract risks.

According to Yonhap News Agency, in response to the sharp valuation drop of South Korean domestic stocks held by the National Pension Service amid the recent stock market slump, South Korean President Lee Jae-myung said on the 19th: "We are continuously assessing what policy measures are needed to normalize the stock market. We will hold a comprehensive review soon and take necessary actions." Lee noted that "adjustments are inevitable after a sharp rise in stock prices, and no one knows how far the correction will go. Unlike in the past, the government now finds it difficult to directly intervene in financial or securities markets, and such intervention is also not advisable." However, he pointed out that "South Korea’s stock market is severely undervalued. One of the biggest reasons for this is that negative perceptions regarding market transparency and fairness have not been fully eliminated." On market trends and prospects, he said the government is closely monitoring the situation. He added: "Many people in the stock market keep telling themselves, 'It won’t fall, it won’t fall,' only to end up trapped. We need to minimize such situations as much as possible."

SpaceX is set to release its third-quarter earnings report after Tuesday’s market close, with investors closely monitoring its revenue performance and capital expenditures to assess the company’s valuation and the feasibility of a potential merger with Tesla. Barclays analysts project that if the two companies merge, the deal would likely be structured as an all-stock swap, with the higher-valued SpaceX serving as the surviving entity. Barclays’ reference valuations stand at $2.1 trillion for SpaceX and $1.5 trillion for Tesla, respectively; based on these figures, Tesla shareholders would likely receive approximately 0.7 SpaceX shares for each Tesla share held. Analysts note that strong revenue growth and manageable capital expenditures at SpaceX would help boost market confidence in the merger plan. Conversely, if massive AI infrastructure spending continues to weigh on cash flow, the market may reevaluate SpaceX’s valuation and the deal’s rationale. Market forecasts put SpaceX’s quarterly revenue at around $128.9 billion, while capital expenditures could reach as high as $196 billion, resulting in a free cash flow of negative $116 billion. It is important to note that neither company has officially announced a merger, and the above deal structure and share swap ratio are purely analyst projections.

Galxe officially announced that as the Gravity Alpha mainnet is being phased out, most of its core services have been migrated to the Gravity Layer 1 (L1) network. Given that unstaking and fund withdrawals require a 7-day waiting period, users holding G tokens in staking or Smart Savings balances must complete relevant operations before 11:00 AM (UTC+8) on October 26, 2026. The G staking page will be officially taken offline at that time. Smart Savings users who fail to manually withdraw or migrate funds by the deadline will have their remaining assets automatically transferred to Smart Balance, and these funds will no longer be withdrawable afterward.