SpaceX and Tesla have formed a special committee to explore the possibility of a merger.

U.S. envoy Steve Witkoff met Russian President Vladimir Putin on Wednesday. Prior to this, U.S. and Ukrainian delegations held talks in Oslo, Norway, which the U.S. described as "highly constructive." Ukraine put forward a new peace plan concept, and all parties made progress on approaches to engage with Russia. Meanwhile, U.S. President Donald Trump again urged Kyiv to end the war by reaching an agreement, noting that Moscow wants to resolve the conflict as soon as possible. After meeting with Zelensky, U.S. envoy Witkoff will submit the peace plan to Russian President Putin. According to BIT (bit.com) market data, U.S. stocks closed on Tuesday: the Dow Jones Industrial Average rose 1.06%, the S&P 500 fell 0.29%, and the Nasdaq Composite fell 0.02%. SK Hynix (SKHY.O) dropped 2%, General Motors (GM.N) fell 6.8%, Western Digital (WDC.O) gained 3%, and Apple (AAPL.O) declined 1%. According to HTX market data, Bitcoin remains range-bound, currently trading at $82,992, with a 24-hour gain of 1.03%.

According to Axios, after meeting with Volodymyr Zelenskyy, U.S. Special Presidential Envoy Steve Witkoff will present a peace plan to Russian President Vladimir Putin.

Bitcoin yield platform HoneyB’s developer Nectar Group has raised $5 million in a seed funding round led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, an unnamed family office, and angel investors. Nectar Group co-founder and CEO Josh Gordon disclosed that the company launched the financing round at the end of Q4 2025 and closed it in early Q3 2026. Gordon noted the round used a Simple Agreement for Future Equity (SAFE) structure, accompanied by a 1:1 token subscription warrant, and carried a post-money valuation of $30 million. He also stated that none of the investors secured board seats, board observer status, or advisory roles.

Utah Attorney General Derek Brown announced a lawsuit on Tuesday against prediction market platform Kalshi, its affiliates, and two Susquehanna trading firms, accusing the group of conducting illegal activities in Utah since 2024. Brown stated at a Tuesday press conference that Utah officials have filed a court motion seeking the companies to disgorge roughly $30 million to $60 million in profits from allegedly illegal event contracts. The Utah AG also alleged Kalshi illegally served more than 32,000 users in the state, causing significant losses. In September, an appeals court rejected Kalshi’s request for an injunction to block the platform from continuing operations during the appeal period.

As the U.S. Securities and Exchange Commission (SEC)’s public comment period for its proposed Crypto Asset Regulation Rules draws to a close, digital asset firms, Wall Street institutions, and industry advocacy groups have put forward their respective proposals, seeking to influence the regulator’s future oversight direction for financial innovation. The SEC’s comment period for the proposed rules closed on Tuesday, with over 100 submissions received so far. The regulation aims to provide a compliant pathway for digital asset-related investment activities, enabling eligible offerings to be exempt from certain securities law requirements. These include a "Startup Exemption" that exempts offerings of up to $5 million from registration rules, as well as a "Financing Exemption" that permits issuers to conduct offerings of up to $75 million over a 12-month period. In its comment letter to the SEC, the Hyperliquid Policy Center (HPC) urged the regulator to adopt the Crypto Asset Regulation Rules, while noting adjustments are needed to the handling of airdrops. The center called on the SEC to formally incorporate its prior guidance into the rules: if an airdrop recipient obtains assets without any consideration, this does not constitute a monetary contribution, and thus the assets are not securities. HPC also argued that the SEC’s proposed safe harbor mechanism is too narrow in scope.

Citadel Securities CEO Griffin said investors are almost certainly in an AI bubble. Griffin stated on Tuesday local time: "Any technology that fundamentally transforms the economy is usually accompanied by a bubble." He referenced the market environment before the dot-com bubble burst and some "far-fetched" business models from that period. He lamented: "I really wish I hadn't sold my Amazon stock." Earlier this year, Griffin called AI "trash" during a speech at Davos. In May, when addressing an audience at Stanford Graduate School of Business, he said he was "frustrated" by everything AI can achieve.