Odaily reports: On Wednesday, eight U.S. states filed a lawsuit against OpenAI, accusing the company of misleading users about the safety of ChatGPT. State attorneys general said the company failed to provide safeguards, contributing to suicide, self-harm, and violent behavior among users, including teenagers, and that its operations violated state laws and regulations. The Arkansas lawsuit alleged that OpenAI knew a product this powerful required meaningful safeguards, that its leadership publicly acknowledged the risks, and that employees repeatedly raised serious safety concerns, yet despite the warnings, OpenAI did not slow down. Instead, it accelerated the release of increasingly powerful models without adequate safety protections or testing, prioritizing growth and profit over safety.
The eight states participating in the joint lawsuit also include Arizona, Iowa, Idaho, Kansas, Montana, Nebraska, and West Virginia; with the exception of Arizona, the attorneys general of the remaining states are all Republicans. The states are seeking a court order to force the company to change its safety operations, strengthen protections for children, and compensate the states for damages.
Odaily News: Asset management firm VanEck is seeking to withdraw its filing for a Lido staked Ethereum ETF. The proposed fund had originally planned to directly hold stETH and provide investors with exposure to Lido's liquid staking token through brokerage accounts.
Reports indicate that the fund's registration never became effective, meaning the product was unable to enter the formal issuance stage. Lido is the largest liquid staking protocol on Ethereum, and stETH is its issued liquid staking token. Users who stake ETH can earn staking yields while maintaining asset liquidity.
Odaily News: According to Gate data, South Korea's KOSPI index fell below 6000 points, down 5.59% on the day. SK Hynix dropped over 7%, while Samsung Electronics fell more than 6%.
Odaily News: According to MSX.COM data, U.S. stocks closed with popular tech stocks broadly declining, as the storage and semiconductor sectors fell across the board. The Philadelphia Semiconductor Index dropped 4.3%, marking a sixth consecutive decline for chip stocks and the longest losing streak since May 2025. AI cloud service provider Coreweave plunged over 15%, SK Hynix fell over 6%, SanDisk dropped over 5%, while Seagate Technology, Western Digital, and Micron Technology each fell over 4%. Nvidia, Broadcom, and Meta declined over 3%, Tesla dropped over 2%, and Google, Microsoft, and Amazon each fell over 1%. Apple bucked the trend with a 0.5% gain, closing with a market capitalization of $5 trillion, becoming the second publicly traded company after Nvidia to surpass a $5 trillion valuation.
Precious metals, computer hardware, and crypto mining companies were among the biggest decliners, with Dell Technologies down over 11%, U.S. Gold Corp and Quantum down over 10%, Super Micro Computer down over 8%, and Coinbase and Pan American Silver down nearly 5%. Oil and gas, weight-loss drugs, and food and beverage sectors led the gains, with Eli Lilly, Roche, and Amgen up over 3%, and Chevron and Exxon Mobil up over 1%.
According to Gate data, the US dollar against the Japanese yen (USDJPY) fell to 158.0, currently at 157.993, with a 24-hour decline of 0.2%.
Odaily News: According to monitoring by Guy Young, over the past 48 hours, users noticed that a large investor's wallet was moving tokens. Ethena founder and CEO Guy Young stated that the transfers in question are security precautions related to recent hardware wallet concerns, and do not represent tokens being sold after transfer, nor do they indicate that the investor is dumping their holdings.
Odaily reports that on October 14, Tempo announced that payroll platform Deel has become the first customer to use its Zones privacy system in a production environment, with contractor balances and payment histories no longer publicly visible. Funds deposited into a Zone by Deel's treasury department remain visible on the public network, but contractors' recipients, payment amounts, and asset holdings remain private; contractors can view their own balances, while Deel retains access for reconciliation and auditing purposes.
Each Zone maintains a private ledger and connects to the Tempo public network through a portal that holds endorsed assets. Deposits and withdrawals still leave records on the public network, including token amounts and public network addresses. Operators can read the private ledger, restrict participants and supported assets, and enforce token issuers' transfer policies. This integration adds privacy features to Deel's existing wallet, which was opened to eligible contractors in over 80 countries in August; embedded wallet service provider Privy supports Zones through its API.
According to Odaily monitoring, an address with cumulative contract account profits exceeding $24.82 million added approximately $20.4 million in XYZ100 short positions between 06:21 and 06:44 on October 15. The short position value increased from approximately $24.16 million to approximately $44.46 million.
Address: 0xfc667adba8d4837586078f4fdcdc29804337ca06
Odaily News: Anthropic has told investors that its third-quarter revenue surged to $16.8 billion and that it achieved profitability during the quarter. The AI company is seeking support for its blockbuster IPO plans at a time when the market harbors doubts about the AI industry boom. Anthropic told investors that on an adjusted basis the company has reached profitability, with quarterly revenue up nearly 50% from $11.5 billion in the second quarter. Chips and data centers are essential for AI labs to train and run models, and they are also the company's biggest expenses. Anthropic added that it achieved positive cash flow during the quarter. The Claude model developer's listing is widely expected to become the highest-valued IPO in history. (Financial Times)
Odaily reports that Bitcoin News posted on X that Mark Karpeles has launched a webpage to document reported cases of Ledger hardware implants, compiling cases he has reviewed and verified through public reports and images shared on X. The database also allows users to submit new cases to track the potential scope of the ongoing Ledger supply chain security incidents.
Odaily reports: A Fox Business crypto reporter posted on X that the SEC has approved Cboe to list binary options tied to key performance indicators of public companies, involving Coinbase, Robinhood, and MARA. Traders can take "yes" or "no" positions on metrics such as Coinbase trading volume, Marathon's Bitcoin production, and Robinhood's customer count and revenue. Robinhood is expected to become the first retail broker to offer such products. The SEC approved this securities options structure while stating that contracts with different structures may still fall under CFTC jurisdiction; SEC Chairman Paul S. Atkins said this move reflects "a new spirit of coordination, innovation, and investor choice."
Odaily: Cathie Wood posted on X that ARK Venture Fund has launched onchain through Securitize, with the fund's portfolio, liquidity, and minimum investment threshold remaining unchanged. She stated that, based on ARK research, tokenization has the potential to fundamentally change how investors participate in private and public financial markets; the onchain launch of ARK Venture Fund is an extension of its mission to broaden investor access to technology-driven innovation opportunities.
Odaily reports that Bitcoin Treasuries posted on X that Singapore-listed Bitcoin mining company BitFuFu has added 15 BTC, now holding 1,388 BTC and ranking 39th in Bitcoin holdings.
Odaily reports that Bitcoin News posted on X platform stating that the White House is exploring acquiring Bitcoin through existing federal government fund inflows to expand the U.S. Strategic Bitcoin Reserve. Patrick Witt, Executive Director of the President's Council of Advisors on Digital Assets, told Lark Davis that purchasing Bitcoin on the open market requires congressional authorization, and the government is currently studying ways to receive or convert existing federal fund inflows into Bitcoin. The plan aims to comply with President Trump's executive order and expand the U.S. Strategic Bitcoin Reserve without increasing taxpayer spending.
Odaily News: On October 12, the Bank of Russia added Sberbank, the country's largest bank, to the register of institutions authorized to trade digital currencies, allowing it to buy and sell cryptocurrencies in its own name and with its own funds. Six days earlier, Sberbank had been included in the list of digital custody institutions.
Sberbank plans to launch its first cryptocurrency products on SberBank Online, SberInvestments, and SberBusiness starting December 1, initially supporting Bitcoin, Ethereum, and USDT issued by Tether. The exact launch timing depends on decisions by the Bank of Russia and the readiness of accompanying regulations.
Under relevant laws, retail investors may trade no more than 300,000 rubles per year through a single intermediary and must pass a knowledge test; using cryptocurrencies to pay for goods within Russia remains illegal. (Decrypt)
Odaily News: The public chain Solana will launch the Alpenglow upgrade on its mainnet at approximately 15:00 (UTC) on October 21, completely replacing its validator consensus system. The upgrade will phase out TowerBFT, with the goal of reducing transaction finality from the current approximately 12.8 seconds to about 150 milliseconds.
Alpenglow adopts Votor, which moves vote transactions out of blocks, allowing validators to communicate directly and generate certificates; final confirmation can be achieved in the first round with 80% or more stake support, while support rates between 60% and 80% will enter a second round of voting.
After the upgrade, vote transactions will no longer be counted in blocks, and Solana's public transaction count and TPS will drop significantly, but actual activity will not decrease as a result. Ordinary users do not need to take any action, and the Solana Virtual Machine, transaction format, programs, and fees will all remain unchanged.
The feature switch will be activated at epoch 1064, and TowerBFT will continue to run for approximately 5,000 slots, or about 18 minutes, after which Alpenglow will take over. Each vote account will need to pay an additional validator admission fee of 0.8 SOL, which will be burned; the launch date of the Rotor upgrade has not yet been announced. (Decrypt)
