Gemini co-founder: Zcash is "the encrypted Bitcoin", ZEC has the potential to surge to $5,000.

According to GitHub information, a core protocol draft titled "Decoupled Consensus" has emerged in the Ethereum EIP repository. The proposal suggests separating the beacon chain's head voting and finality proof voting to enhance fork choice security, shorten finality time, and lay the foundation for a future transition to post-quantum cryptography (PQ). Co-authored by Francesco D'Amato, Roberto Saltini, Yann Vonlanthen, Mikhail Kalinin, and Ben Edgington, among others, the draft remains in an early stage with multiple details undetermined. The submitter currently aims primarily to obtain an EIP number. The proposal is pending further review and has not yet been merged.

JPMorgan raises Meta Platforms (META.O) price target from $920 to $940.

The Navy of Iran’s Islamic Revolutionary Guard Corps (IRGC) said four vessels engaged in illegal oil transfer operations in the northern Persian Gulf were simultaneously struck and caught fire after being tracked by its forces. The IRGC added that three other vessels struck mines west of the Strait of Hormuz. The IRGC warned the U.S. military that continued provocations could trigger larger-scale retaliation targeting its regional bases. (Jinshi)

According to Al Jazeera, US President Donald Trump stated that the United States holds a "very favorable" position both militarily and economically in its standoff with Iran, describing the current situation as a "minor conflict" with Tehran. When asked by reporters whether he had abandoned negotiations with Iran, Trump replied: "No, I don't believe we are currently in talks. In any case, there will be an outcome eventually, and it will become clear very soon." He added: "Most people seem to think this will wait until after the election — we’ll have to wait and see." He was referring to the upcoming US midterm elections. Trump also said: "But I have to say, everything we have done on the Iran issue is very remarkable."

Insight Beating AI Flash News: Swedish legal AI company Legora announced the completion of a $550 million Series E financing round, with a post-money valuation of $8.8 billion. The round was led by Atreides Management, with participation from institutions including JPMorgan and Fidelity. Legora’s valuation stood at $5.6 billion in March this year, marking a roughly 57% increase in just seven months. Founded in 2023, Legora primarily assists lawyers with contract review, legal research, and document drafting, and executes multi-step tasks via AI agents. The company disclosed that its annual recurring revenue (ARR) grew from $1 million to $100 million in less than a year and a half, then to $200 million in less than half a year. Currently, Legora serves over 2,400 law firms and corporate legal teams worldwide, with more than 140,000 legal professionals as users. The U.S. is its largest revenue market, with more than half of the country’s top 50 highest-grossing law firms being its clients. In the third quarter of this year, in-house corporate legal teams contributed over 40% of new customers. Legora is competing with U.S.-based legal AI firm Harvey for market share. The new funding will be used for global expansion and the development of an AI agent operating system for lawyers, enabling AI to go beyond assisting with reading and writing to further participate in legal research, case intake, and ongoing regulatory tracking.

Sushi Managing Director Alex announced a teaser on X that major news about the Robinhood Chain will be unveiled next week.