Odaily reports: On Tuesday, South Korean stocks fell more than 3%, closing at their lowest level in over six months. Chip stocks broadly weakened amid concerns related to the global artificial intelligence (AI) investment boom. After rebounding for two consecutive trading sessions, the KOSPI fell 215.27 points, or 3.73%, on Tuesday to close at 5,552.74, marking its lowest closing level since April 7.

Lee Kyoung-min, an analyst at Daishin Securities, said: "The sustainability of the recent rebound is limited, as concerns over credit and profitability surrounding AI investments have not yet been fully dispelled." (Jinshi)

Odaily reports: Crypto analyst Darkfost published a post on X outlining the evolution of JPMorgan CEO Jamie Dimon's attitude toward Bitcoin in recent years.

In 2017, Dimon called Bitcoin a "fraud"; in 2018, he expressed regret over those remarks and acknowledged the value of blockchain technology; from 2019 to 2020, he said Bitcoin "doesn't appeal to him"; in 2021, he called it "worthless"; in 2023, he said that if he had the power, he would ban Bitcoin and other cryptocurrencies; and in 2024, he likened Bitcoin to "pet rocks" and a Ponzi scheme.

In 2025, Dimon still criticized Bitcoin for lacking value and being used for money laundering, but later stated that everyone has the right to buy Bitcoin. Now, JPMorgan in its 2027 outlook has listed Bitcoin as the asset with the best long-term return performance.

Previously reported, JPMorgan Asset Management released its "2027 Long-Term Capital Market Assumptions" report on October 19, including Bitcoin in its long-term return projections for the first time and forecasting a compound annual growth rate of 10% over the next 10 to 15 years, higher than the 7.5% for U.S. large-cap stocks, 5.5% for gold, and 8.2% for U.S. real estate investment trusts (REITs).

According to Gate data, the South Korean KOSPI index closed down 214.93 points, or 3.73%, at 5,553.08 on Tuesday, October 20. Samsung Electronics fell 2.98%, and SK Hynix dropped 4.22%.

Odaily reports: According to GMGN data, the market cap of Meme coin GIGATENEV on Robinhood briefly reached $6.51 million, with a 4H gain of over 12x. It is currently reported at $4.15 million.

On the news front, Robinhood CEO Vlad Tenev followed the Giga Tenev X account at noon today.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily reports: Trader degentrading stated that compared with the previous supply model, PAPER's new token minting mechanism will give new users a relatively higher share, and the advantage of early mining users will decline accordingly. He noted that this adjustment is unfavorable to early participants but beneficial to the protocol's long-term development and organic users.

Earlier news: Papertrade officially stated that there are currently no plans to enable transferability of the PAPER token, and that it will adjust the fee and token minting mechanisms. In the future, for every $1 million in losses, approximately tokens equivalent to 0.1% of the PAPER supply at that time will be minted, with the specific ratio depending on the minting rate at the time of the contract upgrade. When the capital pool approaches or falls into an insolvent state, it will no longer mint a fixed 100 PAPER per $1 of loss, and will instead adopt a weighted multiplier mechanism that grows over time. The team stated that in the long term, the new mechanism will gradually dilute the share of earlier holders, giving recent users a greater advantage.

Odaily reports that Beast Holdings, LLC filed trademark applications for "MRBEAST FINANCIAL" and "BEAST FINANCIAL" on October 13, 2025, covering mobile banking applications, cash advances and microloans, credit card and debit card services, investment advisory and management, as well as cryptocurrency trading, payment processing, and cryptocurrency exchange through decentralized trading platforms. Both trademarks were published in the Official Gazette on August 11, 2026, and received Notices of Allowance on October 6. They are currently in the "intent-to-use" stage and have not yet been formally registered.

In January of this year, Beast Industries received approximately $200 million in investment from BitMine. Tom Lee stated that he would explore combining DeFi with MrBeast's young user base. Jeff Housenbold, CEO of Beast Industries, previously said that the company plans to incorporate decentralized finance elements into its upcoming financial services platform.

According to Odaily monitoring, a certain address's contract account has accumulated profits exceeding $126 million and added approximately $4.63 million to its BTC short position between 09:41 and 13:42 on October 20, 2026. The value of its BTC short position increased from approximately $32.79 million to approximately $37.5 million.

Address: 0x7fdafde5cfb5465924316eced2d3715494c517d1

Odaily Report: Recently, Turing Award winner and Meta Chief AI Scientist Yann LeCun poured cold water on Tesla's flying car concept directly on the X platform. He commented on the cold gas thruster system of the Tesla Roadster, saying it is essentially driven by compressed air and, while structurally simpler than a rocket engine, has a specific impulse of less than 50 seconds. Musk then showed up in the comments section and fired back: "I'm farting in your direction."

Odaily: Bitcoin's daily Bollinger Band width has reached its lowest level in the past two and a half years, with volatility continuing to contract. Historically, a directional breakout may follow a tightening of the Bollinger Bands, but the direction remains uncertain.

1. Papertrade founder responds to PAPER transfer prohibition controversy: perpetual contract market launched early, protocol has not yet resolved potential attack risks;

2. OpenAI is reportedly accelerating the completion of approximately $30 billion in funding, with valuation potentially exceeding $1.4 trillion;

3. Paragon has suspended PAPER trading and completed settlement, with all open positions settled at $0.026296;

4. Aster announces delisting of PAPER pre-market perpetual contracts, has switched to reduce-only mode;

5. Machi Big Brother: PAPER may be non-transferable for an extended period, holders can currently only rely on fee revenue for returns;

6. Among Papertrade's top 25 losers, 21 had cumulative trading volume reaching $111.5 billion;

7. Bitwise CIO: From dismissive to bullish, JPMorgan expects Bitcoin to become the best-performing asset over the next 10 years;

8. Hyperliquid Policy Center publishes post calling on SEC to exclude airdrops from securities definition;

9. Surge of 104%! Solana's on-chain non-vote transaction count reached 8.92 billion in Q3 2026.

Odaily reports: The Tesla Roadster has sparked heated market discussion with its "flying car" concept, but controversy has followed accordingly.

Recently, CBS News inquired with the U.S. Federal Aviation Administration (FAA), which responded that the Tesla Roadster does not meet the FAA's definition of an aircraft. The National Highway Traffic Safety Administration subsequently stated that even if the vehicle visually challenges the laws of physics, Tesla must ensure it complies with applicable motor vehicle safety standards, and drivers must also obey local road regulations. In other words: the Roadster is not a flying car.

In addition, based on reporting by overseas media outlet MotorTrend and technical conditions, the flight time of the demonstration vehicle that completed three jumps at the Roadster launch event depends on its gas storage capacity. Under full-thrust conditions, the flight time cannot even last 2 seconds, while the subsequent inflation time is as long as 6 to 7 hours. And based on a gas storage capacity of 250 kilograms, under full-thrust conditions, the flight time still cannot last more than 6 seconds. (Dongchehui)

Odaily reports that Lighter announced its Lighter Core has launched a binary options product, with plans to roll out a full options trading service next.

According to market data, the two major large-model stocks in the Hong Kong stock market both declined. Zhipu (02513.HK) fell over 5%, with its stock price dropping below HK$500; MINIMAX-W (00100.HK) fell 6.64%.

Odaily reports: According to Onchain Lens monitoring, Wintermute (0xecb...2b00) holds positions totaling $81.36 million on Hyperliquid, of which $69.59 million are short positions and $11.77 million are long positions, with short positions accounting for 85.5%. Its largest short positions include: an ETH short position worth $22.61 million with 15x leverage; a SOL short position worth $12.65 million with 20x leverage; an XRP short position worth $4.2 million with 10x leverage; and an S&P 500 short position worth $4.1 million with 3x leverage. Wintermute holds a total of 132 open positions, with unrealized profit of $936,400, profit of $9.66 million over the past 30 days, and cumulative profit of $17.746 million.

Odaily reports: According to Bitget official data, the seventh batch of rewards for the platform's "Peer Program" has been fully distributed. As of now, the program has distributed a cumulative total of 6,813,732 USDT in rewards, reaching a cumulative total of 5,239,752 recipients.

In addition, after users visit the event page to claim their rewards, they can also receive an extra chance to draw an 8th anniversary surprise mystery box. The event will continue until October 26.

Odaily Report: Crypto analyst The Smart Ape posted on X platform that data shows Robinhood Chain's daily Gas fees dropped from $8.4 million on September 4 to $34,000 on October 18, a decline of 99.6%. Comparing the most active 14 consecutive days with the most recent 14 days, Pons V2 fee revenue fell from $87 million to $7 million (-92%), GMGN from $22 million to $900,000 (-96%), and Axiom from $4.6 million to $300,000 (-94%). Additionally, the median price decline of Meme coins on the chain from their all-time highs reached 97%, with 72% of Meme coins falling by 90% or more.

However, Robinhood Chain still had 873,000 active wallets last week, Gas fee revenue of approximately $345,000, and TVL hit an all-time high of $1.05 billion, of which about $480 million is concentrated in two stablecoin lending markets on Morpho, primarily involving leveraged arbitrage trading. Therefore, it is judged that the high-risk speculative capital on Robinhood Chain has clearly receded, with retained funds more concentrated in scenarios such as stablecoin lending, and there is a clear divergence between on-chain capital activity and TVL growth.