Coinbase's Bitcoin Premium Index has been negative for 33 consecutive days.

According to Lookonchain's monitoring, over the past 24 hours, three wallets suspected to belong to the same whale transferred 494,310 HYPE tokens to Coinbase, valued at approximately $37.83 million.

According to Bloomberg, the UK government has announced it will invest ￡100 million (approximately $134 million) to build an artificial intelligence (AI) biosecurity lab, which will receive support from OpenAI, Anthropic, and Google DeepMind. This move is part of a series of measures by the UK government aimed at enhancing its ability to understand and respond to AI-related risks. Per the UK government’s statement, the lab will use AI to detect and monitor biological threats. In addition to the aforementioned funding, OpenAI and Anthropic will also provide up to ￡200 million in AI model usage credits. The lab will also collaborate with Google DeepMind and life sciences firm Basecamp Research. Separately, the UK government has allocated an extra ￡65 million for the development of pathogen response measures. The establishment of this lab further clarifies the UK government’s AI strategic direction: creating a dedicated body outside existing government departments to conduct research, monitoring, and applications across different AI technology domains. The announcement also includes an additional ￡120 million in funding for the AI Safety Institute, one of the government agencies currently receiving the most substantial financial support, which is primarily responsible for regular assessments of frontier AI models. Additionally, the UK government will allocate an extra ￡23 million to the AI Economics Institute, which is currently under development and aims to analyze the impact of AI technology on the economy.

Whales are dumping $HYPE! 3 wallets, possibly belonging to the same whale, deposited 494,310 $HYPE ($37.83M) into #Coinbase over the past 24 hours.

On-chain treasury protocol Ducat announced in a statement that after careful consideration, its team has decided to gradually wind down the protocol. Ducat was originally designed to maintain a price floor via its mechanism, but many participants failed to fully grasp this mechanism. During the shutdown period, the team will confirm that Ducat is fully backed by treasury assets, with each Ducat token entitling holders to a pro-rata share of the protocol’s treasury assets. All interests related to DUCAT treasury assets—including vested bonds, vested Pass rewards, staked pDUCAT, pDUCAT in cooling period, and circulating DUCAT in wallets—are eligible for redemption, no cooling period wait required. The protocol noted that the team has taken a snapshot of DUCAT holders; holders included in the snapshot can redeem the fair value of their corresponding Ducat from the protocol treasury. Ducat tokens purchased via liquidity pools after the snapshot is completed are not eligible for redemption. The team has also updated the front-end interface to enable smooth redemptions for users.

According to Bitget's market data, selected Hong Kong-listed AI stocks rallied, with Qunhe Technology surging over 15%, Xinzhi Holdings rising more than 4%, NetEase-S gaining over 3%, and Meitu up more than 2%.

This week, South Korea’s two leading storage chip giants will report their Q3 2026 earnings: SK Hynix is scheduled to release its financial results on Wednesday, followed by Samsung Electronics on Thursday. Driven by surging demand for AI chips and rising storage chip prices, the two giants are poised to post some of their strongest results ever, with combined Q3 operating profit projected to reach 184.4 trillion won (about $1.391 trillion). Samsung Electronics’ preliminary results announced on October 8 showed its Q3 operating profit hit 107.4 trillion won (about $801.7 billion), surging nearly eightfold from 12.17 trillion won in the same period last year. Analysts surveyed by market tracker FnGuide forecast SK Hynix’s Q3 revenue will reach 98.2 trillion won, with operating profit coming in at 77 trillion won. By comparison, Samsung and SK Hynix’s combined 2025 operating profit stood at 90.8 trillion won, with Samsung’s at 43.6 trillion won and SK Hynix’s at 47.2 trillion won.