Odaily reports that according to Lookonchain monitoring, an address made 1,012 trades on Papertrade, with a cumulative trading volume of $10.1 billion, incurring a loss of $979,000; the address received 252 million PAPER tokens due to trading losses, and earned 997,000 USDC in staking rewards, ultimately making a profit of $17,800.
Odaily News: SWI Group has completed a €800 million (approximately $895 million) financing round, with funds to be used to expand its AI infrastructure business. Previously, the company had gained control of FTX-backed Bitcoin mining company Genesis Digital Assets.
SWI Group stated that it plans to convert some of its Bitcoin mining facilities with high-performance computing capabilities into AI computing infrastructure to support AI workload deployment.
As demand for AI computing power continues to grow, an increasing number of Bitcoin mining companies are beginning to explore leveraging their existing power, data center, and hardware resources to transition into AI computing businesses. (The Block)
Odaily News: IMF Managing Director Kristalina Georgieva warned that AI is having a disruptive impact on labor markets and tax systems, and policymakers need to rethink education systems and take immediate action to help society adapt to the changes. Speaking Monday at the debut of the IMF and World Bank annual meetings in Bangkok, Georgieva said: "It is a slow-moving tsunami, but it is still a tsunami." At a conference on AI's impact on employment, she said AI has already weakened demand for some human workers by replacing large numbers of repetitive, routine jobs, while also driving an increase in low-wage positions in industries such as construction — which she said "is not something to celebrate." Georgieva said this transformation will have profound implications for public finances, with the risk that AI could shift the economy from labor toward capital, thereby eroding government tax revenues, since labor income has traditionally been an important tax base. (Jinshi)
Odaily reports: South Korea's Financial Services Commission has announced companion amendments to the Electronic Securities Act and the Capital Markets Act related to securities tokenization. The public comment period will end on November 11, with implementation planned to align with the law's effective date of February 4, 2027.
The amendments propose expanding the scope of tokenization to traditional securities such as stocks, bonds, and funds, adopting a phased opening approach. The first phase will cover privately placed money market funds for institutional investors, privately placed bonds, trust-form unlisted stocks, and publicly offered fractionalized investment securities.
Publicly offered bonds and funds for retail investors will be gradually opened after assessing initial market operations and demand. (EToday)
Odaily reports that Xie Jiayin, Head of Bitget Greater China, posted on X sharing his thoughts from attending Token2049 Singapore. First, users are becoming increasingly professional and have begun to reverse-define products—demands such as options and strategy marketplaces to amplify capital efficiency were all raised by users; for institutions, the capital efficiency gains brought by tokenization are a core need. Second, the bubble is being cleared out, with projects beginning to de-tokenize—no longer relying solely on token issuance for marketing, but instead creating real value through payments, asset management, and brokerage services. Third, the industry is welcoming a clear regulatory framework, which will inevitably bring short-term pain, but in the long run, compliance and institutionalization will drive the industry to consolidate into mature financial infrastructure.
Odaily News: a16z has released the seventh edition of its Top 100 Consumer AI Apps ranking. ChatGPT continues to hold the top spot, with monthly active users on mobile surpassing 1 billion; Claude's web version has risen to third place, with monthly visits approaching 1 billion.
For the first time, this ranking added a revenue ranking, alongside the web and mobile traffic rankings. Among them, by monthly revenue, the top five are OpenAI, Anthropic, Canva, Superhuman, and Higgsfield. Because Gemini's revenue cannot be reliably separated from Google's other consumer businesses, Gemini was not included in the revenue ranking.
a16z noted that compared with the first edition of the ranking three years ago, which mainly consisted of chatbots and image generation tools, consumer AI apps today have expanded into multiple fields including coding, music, design, voice, video, agents, and smart hardware.
Odaily News: According to Gate data, Brent crude oil (XBRUSD) rose above $108/barrel, currently at $108.26/barrel, up 0.6% from the previous trading session's close.
According to an official announcement, Bithumb will list the KGEN/KRW trading pair.
Odaily News: On October 12, according to official sources, the decentralized stablecoin USDD has set new all-time records for both its total circulating supply and protocol TVL. USDD's circulating supply has exceeded 1.81 billion tokens, while the protocol's TVL has surpassed $2.51 billion, just 4 days after reaching the previous milestone.
It is reported that USDD's growth this time has shown a synchronized momentum across all chains. The TRON network continues to maintain strong growth, with a circulating supply exceeding 1.3 billion tokens; the circulating supply on Ethereum has surpassed 450 million tokens; and the BNB Chain ecosystem continues to expand in tandem, exceeding 21 million tokens. With the ongoing prosperity of its ecosystem and the continuous expansion of use cases, USDD's cross-chain growth momentum is becoming increasingly evident.
According to Gate's official announcement, cash dividend payouts have been completed for 145 U.S. stocks and ETF tickers including TSMC (TSM), Merck (MRK), Salesforce (CRM), Altria (MO), Nasdaq 100 ETF (QQQ), and NXP Semiconductors (NXPI). Gate has completed USDT settlement of the corresponding dividends based on users' holdings, with the entire process handled automatically and no additional action required from users.
This dividend distribution covers relevant U.S. stock tickers with corporate dividend dates from October 5, 2026 to October 9, 2026, spanning multiple industry sectors including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate REITs, utilities, materials manufacturing, media and entertainment, telecommunications, and strategic ETFs.
Odaily reports that Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated that Morgan Stanley expects to begin supporting tokenized stocks on its alternative trading system in the first quarter of 2027, later than the previously announced plan for the second half of 2026. She said Q1 2027 may be more realistic, and the team is advancing the related buildout.
Odaily News: Ukrainian President Zelensky stated that Ukraine is ready to sign a ceasefire guarantee agreement. He also called on the US to continue applying pressure on Russia rather than easing sanctions, in order to push for a ceasefire in the energy sector.
Odaily News: Solana treasury company SkyAI (SKYA) has announced plans to launch a cash tender offer to acquire up to 95% of its outstanding common shares and warrants at $3 per share. The tender offer covers up to approximately 46.4 million common shares and approximately 20.7 million warrants, with a maximum total acquisition amount of approximately $201 million. The company expects to fund the acquisition using existing cash and proceeds from the sale of its Solana assets. SkyAI stated that the tender offer is expected to commence on Thursday and remain open for 10 business days, but may be extended or terminated early. Additionally, the SkyAI board of directors has rejected an unsolicited non-binding all-stock acquisition proposal from Forward Industries (FWDI). The proposal sought to exchange each SkyAI share for 0.306 shares of Forward Industries stock, but the SkyAI board believes the stock-swap proposal undervalues the company.
Odaily News: 10x Research has stated that Bitcoin options prices have dropped to five-year lows, with near-month implied volatility at 33.5%, more than 4 percentage points below realized volatility, indicating that options are relatively cheaply priced.
Over the past week, Bitcoin options skew has declined by nearly 3 percentage points, with traders concentrated in buying October-expiry put options at strike prices of $78,000 and $80,000, with single block trades reaching as high as $204 million. 10x Research believes this indicates that investors on the whole still hold long positions while hedging downside risk through options, rather than fully turning bearish.
By contrast, the Ethereum options market is showing different signals. Its largest corporate buyer has indicated it will stop buying within weeks, options trading is dominated by call sellers, and implied volatility is higher than realized volatility.
Odaily News: A Hyperliquid whale (0xec4a…cf62) opened BTC, ETH, and NEAR long positions from scratch today. Based on the average entry price, the notional position size is approximately $28.8 million, with the current position value at about $29.04 million and unrealized profit of roughly $243,000. The address first purchased 200 BTC in batches this morning at an average entry price of approximately $83,604.5, using 40x cross margin leverage; subsequently bought 4,000 ETH at an average entry price of approximately $2,536.23, using 25x cross margin leverage; and simultaneously opened a NEAR long position while continuously adding to it, currently holding approximately 332,000 NEAR at an average entry price of about $5.81, using 10x cross margin leverage.
Odaily report: New financial platform Bybit today announced the official launch of Stocks, allowing eligible users to trade over 1,000 U.S.-listed stocks and ETFs through Bybit, covering a wide range of popular U.S. equities and ETF tickers.
Following the launch of Stocks, Bybit users who have completed KYC verification and are located in permitted regions can directly buy and sell supported U.S. stocks and ETFs using USDC. Unlike price derivatives or synthetic instruments, Stocks gives Bybit users access to the economic rights of a broader range of securities.
Key features currently available on Stocks include:
- Over 1,000 U.S. stocks and ETFs, with fractional share trading supported for eligible securities
- Trading with USDC, funded directly from your Bybit account
- Corporate action support, including cash dividends, stock dividends, and stock splits
- 24/5 trading, covering U.S. pre-market, regular, and after-hours sessions (subject to product availability)
- Zero commission on eligible stock trades
Eligible users holding positions can receive the corresponding economic rights. Cash dividends will be converted from USD to USDC and deposited into the Unified Trading Account (UTA), while stock dividends will be directly reflected in users' holdings. Voting rights are planned for a later phase.
Orders are routed through Bybit's regulated brokerage infrastructure and executed by U.S. self-clearing broker Alpaca, with underlying securities custodied by Alpaca. In addition to crypto spot and derivatives trading, Bybit also connects to traditional market opportunities through the MT5 platform, tokenized stocks, and TradFi perpetual contracts, and the launch of Bybit Stocks further completes Bybit's multi-asset platform layout.
Bybit Stocks is offered by Infra Capital Limited (introducing broker), which is regulated by the Mauritius Financial Services Commission (GB23202169). Clearing and settlement services for U.S. securities are provided by Alpaca Securities LLC (FINRA/SIPC member). Specific terms and conditions for this product are available on the official website. Investment products carry the risk of principal loss, and users should read the Risk Disclosure Statement before investing.
