The rally in domestic large language models has prompted crypto whales to chase the upward surge, with their long positions accounting for over 20% of the market positions of Zhipu AI and MiniMax.

Beating AI News Flash: AI prediction company ProphetLab (also known as Weiran Turing) has secured tens of millions of RMB in angel round financing, with participation from institutions including Ivy Capital. Founded less than four months ago, founder Henry Jiang stated that the team’s developed Prophet Engine correctly predicted this year’s World Cup semi-finalists, champion, and even the final score of Spain’s 1-0 victory over Argentina. The Prophet Engine also took part in FutureX Predictive Evaluation, a ranking launched by researchers from ByteDance’s Seed and other institutions. The platform releases weekly batches of real, unforeseen events, requiring models to submit predictions in advance, and scores them after results are confirmed. Henry disclosed that Prophet Engine topped the weekly rankings for two consecutive weeks in August this year, with scores of 60.45 and 56.05 respectively. ProphetLab intends to apply the same predictive capabilities to financial and business decision-making. The company noted that it has already secured millions of RMB in commercial orders, and is preparing the Investor’s Last Exam (ILE), a dedicated list for evaluating business predictive performance.

According to data from the BIT stock platform, the three major U.S. stock index futures turned positive: Dow Jones Index futures rose 0.17%, S&P 500 Index futures rose 0.08%, and Nasdaq 100 Index futures rose 0.08%.

According to Pop Mart International Group (09992.HK)’s announcement, its unaudited overall revenue for Q3 2026 fell 45%–50% year-on-year versus Q3 2025. Segment-wise, China revenue dropped 25%–30% YoY; Asia-Pacific revenue declined 65%–70% YoY; Americas revenue fell 70%–75% YoY; and Europe and other regions revenue decreased 50%–55% YoY. By channel, China offline channel revenue dipped 5%–10% YoY, while online channel revenue plummeted 45%–50% YoY. On Hong Kong stocks today, Pop Mart shares closed 0.75% lower, with its market capitalization sliding to HK$1757.9 million. BlockBeats previously reported that on October 21, a netizen asked Duan Yongping about Pop Mart-related investment matters, and Duan responded: “I will likely buy some more, but not more than 10% of the company.” Earlier, Duan shared investment advice on Xueqiu for investors with a HK$40 million portfolio: split positions equally between Moutai and Pop Mart, and “hold firmly” without adjustments. On August 20, Hong Kong Stock Exchange disclosures showed that H&H International Investment, LLC, managed by Duan Yongping, raised its stake in Pop Mart’s H shares from 5.55% to 7.70% on August 6.

Binance recently submitted an application for a crypto asset service provider license to the Central Bank of Brazil via its local entity BBrasil on October 23, aiming to meet local compliance requirements ahead of the October 30 regulatory deadline. Binance stated that the application is intended to ensure Brazilian users can continue using services including crypto asset, stablecoin trading, payments, and investments. However, Binance has announced adjustments to its local operations: starting October 27, it will restrict services such as crypto lending and margin trading, and plans to delist 22 crypto assets in Brazil. Thiago Sarandy, head of Binance Brazil, noted that the company supports building a regulated market adapted to the characteristics of virtual assets, and hopes to resume some products suspended due to compliance requirements through ongoing communication with the Central Bank of Brazil. According to Brazilian regulations, existing crypto service providers must submit authorization applications by October 30 to continue operations under transitional arrangements. Submitting an application does not equate to receiving regulatory approval.

Goldman Sachs’ latest research shows that over the past three weeks, semiconductor stock exposure explains around 54% of the performance divergence across different asset classes, while oil price exposure accounts for just 2%. As the influence of AI-related trading continues to grow, tech stocks have become a key driver of global market risk appetite and asset performance divergence. Goldman Sachs notes that investor risk appetite has recently been highly correlated with the relative performance of large-cap tech stocks. Last week, mounting concerns over AI investment returns, financing costs, and capital expenditures led to sell-offs in tech stocks and corporate bonds, pushing Goldman Sachs’ risk appetite indicator to its lowest level since April 2025. South Korea’s stock market serves as a prime example of AI trading’s market impact. Given semiconductor stocks’ heavy weighting in the Korea Composite Stock Price Index (KOSPI), shifts in global AI investment expectations directly influence local market performance. On Tuesday, the KOSPI closed up 3.1%, with SK Hynix and Samsung Electronics rising 5.2% and 4.2% respectively. However, Goldman Sachs emphasizes that the 54% and 2% figures reflect a statistical relationship within a specific time frame, and do not mean AI factors will drive global market movements in the long term. While the semiconductor sector’s influence has outpaced oil prices recently, the impact of high oil prices on inflation, monetary policy, and asset pricing remains significant. As large tech firms including Microsoft, Google, and Amazon prepare to release their earnings reports, the market will focus on whether AI demand can sustain growth and whether massive capital expenditures will translate into actual profits.

Modular blockchain network Initia has shared the latest fixes and recovery progress for the earlier MoveVM vulnerability security incident on social media. The project’s official team announced that the security patch for the vulnerability has been formally finalized. To guarantee the absolute safety of the fix, the team is currently conducting a rigorous joint audit of the plan with external security partners. Upon successful completion of the audit, the team will release the specific follow-up execution plan to the community. Per the official roadmap, the upcoming detailed plan will cover two core aspects: first, outlining how to safely and compliantly restore support for assets affected by the incident; second, clarifying the orderly restart of Initia’s L1 mainnet and all Rollup networks. The Initia team projects that the entire audit and network restart process will wrap up in the coming days. Previously, the security incident resulted in approximately $2.7 million in assets being illicitly transferred, leading the Initia network to proactively suspend operations to mitigate risks. This latest update means the network, after a brief shutdown, is gradually progressing toward full recovery.