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Liquid Capital founder Yi Lihua published an article discussing the current state of the cryptocurrency primary market. He stated that the main reasons for the decline of the cryptocurrency primary market are: "First, the narrative has collapsed; from white papers to institutional endorsements to TVL manipulation, the basic market is no longer buying in. Second, there is a supply imbalance; now there are tens of thousands of projects, and it is extremely difficult for excellent projects to emerge. Third, the 1 plus 3 unlocking mechanism essentially targets VCs, allowing projects, market makers, and exchanges to run first. Fourth, the cost of listing coins; now primary projects require high valuations and large financing mainly because of several leading centralized exchanges going live, with an average cost needing tens of millions of dollars."Yi Lihua believes that industry leaders need to truly focus on building, such as improving the coin listing selection method on Binance. Under the current model, even if Vitalik Buterin's ETH were to come today, it would not be able to list on Binance. Additionally, the 1 plus 3 unlocking mechanism should be completely abolished; VCs bear the greatest risk and should not be burdened with the worst unlocking terms, as the success or failure of a project is fundamentally not determined by VCs.Finally, cryptocurrency projects need to return to real revenue and buybacks. The sustained prosperity of the U.S. stock market over the years is primarily due to performance growth and the encouragement of shareholder returns. This is what industry leaders should be doing, allowing secondary market investors to truly find quality projects.

According to The New York Times, Binance founder Changpeng Zhao recalled that one day earlier this year, he was lying in bed handling work—after struggling with chronic pain for a long time, he often worked while lying down—when suddenly the window began to shake. He got up and walked to the balcony, where he saw a trail of smoke left in the sky.Changpeng Zhao lives on Saadiyat Island in Abu Dhabi, an area that faces Iran across the Persian Gulf, and not long ago, Iran had launched a missile towards the UAE.This attack marked the beginning of a geopolitical crisis that plunged the entire region into turmoil, but Changpeng Zhao was not overly worried. He returned to bed to continue working. "More people die in traffic accidents than from missiles," he later stated, "the security here is very good."

In response to the community rumor that "Aptos will shut down its blockchain in the next 6 months," Aptos Labs co-founder and CEO Avery Ching publicly stated that this is "a stupid rumor."The X account that initially published the related news did not provide any official Aptos announcement, governance proposal, or other documents as evidence. When pressed for evidence, the account stated that the information was merely "heard" and reminded to be cautious in interpretation.Additionally, another community account claimed that Aptos had significantly laid off employees over the past year and was facing financial pressure, but that account also admitted that the source of the information was "unreliable," and there is currently no public information to confirm the above claims.Aptos's current public governance records still show network upgrade proposals and executed mainnet function updates, and no official plans to shut down the mainnet have been found.

Alon, co-founder of Pump.fun, stated that two months after the launch of the platform's $15 million Callout reward program, it was found that the initial mechanism inadvertently incentivized undesirable behavior, leading to a flood of low-quality content and weakening users' willingness to continuously create high-quality content.Pump.fun subsequently adjusted the reward algorithm to place greater emphasis on content quality rather than the quantity of posts. According to the new mechanism, the more Callouts a user posts each day, the lower the marginal returns from the new content. Alon mentioned that the reward mechanism is still undergoing iterations, but there is still a lot of work to be done to ensure that a large number of users can sustainably produce high-quality content over the long term.He also stated that the rewards currently cover both top accounts and accounts with fewer than 10 followers, with no favoritism or preferential treatment. Alon suggested that users focus on recommending quality tokens, building trader trust through content, and earning rewards based on the trading volume generated by their Callouts. He emphasized that simply flooding the platform with Callouts or dumping tokens to followers will not yield sustainable returns.

Bitcoin Magazine reported that the Chief Business Officer of the cryptocurrency exchange platform Coinbase stated that the company is working with advisors from six globally systemically important banks to increase exposure to Bitcoin.Coinbase Chief Business Officer: The company views this as an opportunity to expand the market and provide individuals with more ways to access Bitcoin. Globally systemically important banks are large banks identified by the Financial Stability Board that have a significant impact on the global financial system.

AI startup Tavus released a new model called Griffin on October 1, referring to it as the first "human interaction model" that can understand and generate face-to-face conversations, paying attention not only to wording but also to expressions and pauses. Tavus stated that in tests, after a one-minute video call with Griffin-Lite, 26 out of 54 participants (48%) believed the other party was a real person; its previous generation system only convinced 1 out of 41 participants.Participants were told they would have a one-minute video call with another person to discuss things they were looking forward to this year, and only at the end of the call were they asked if they suspected the other party was not a real person. Tavus noted that those who became suspicious typically noticed within 20 seconds. This result comes from Tavus's own research page, where participants were recruited through a channel they call an independent research platform. Community comments on X pointed out that these results have not been independently verified and do not meet standard protocols.In the NVIDIA VideoFDB benchmark, Tavus claimed Griffin-Lite ranked first, with a generation dimension score of 3.83, the next best system scoring 2.8, and human reference scoring 3.92; the perception dimension score was 3.73, with the strongest baseline at 3.44 and human reference at 4.2. Tavus stated that NVIDIA independently conducted this evaluation. Griffin supports full duplex, allowing it to listen, see, and speak simultaneously, with an average audio-video delay of 0.43 seconds on the NVIDIA H100 chip. Tavus completed a $40 million Series B funding round led by CRV in November 2025.

Meta Platforms Oversight Board calls for independent oversight of AI companies.

According to a report by the Korean News Agency, Jeong Dae-sik, a representative of the People Power Party (the largest opposition party in South Korea), stated that the government needs to re-examine the establishment plan of the "Future Response Fund" funded by excess tax revenue, as well as the taxation system for virtual assets (digital assets).Jeong Dae-sik stated that excess tax revenue is temporary, and once spending increases, it is difficult to reduce. Therefore, priority should be given to alleviating the tax burden on the public. Regarding the taxation of virtual assets scheduled to be implemented in January next year, he called for a postponement or abolition, stating that forced taxation could lead to capital flowing to places like Hong Kong and Singapore.

The ruling Democratic Party of Korea and opposition party members, along with industry groups, jointly called for the postponement of the cryptocurrency tax plan scheduled to take effect in January 2027.A member of the Democratic Party's Policy Committee, Min Byeong-deok, stated that initiating taxation before the establishment of the Basic Act on Digital Assets lacks sufficient legal and institutional foundation, and the mechanisms for tracking income from overseas exchanges and loss carryforwards are still inadequate.

AMC CEO Adam Aron posted on the X platform again naming Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher. He stated that Robinhood had previously expressed support for the U.S. Securities and Exchange Commission (SEC) regarding the tokenization of U.S. stocks, believing that tokenized stocks should have voting rights and that companies should have the option to opt-out.Adam Aron also pointed out that it would be very "hypocritical" if Robinhood did not apply the same principles in its overseas operations, and he urged them not to go against the SEC's stance, "do not openly disrespect and provoke the SEC."

The research leaders of OpenAI, Anthropic, Meta Platforms, and Microsoft have called on policymakers to review the progress of their respective companies in the automation of artificial intelligence research.Researchers pointed out in their paper that the automation of AI research could trigger an "intelligence explosion," with the pace of technological evolution potentially exceeding human understanding, and suggested that policymakers increase transparency.

The Ministry of State Security's WeChat public account published an article titled "Is Virtual Currency Crime Untraceable? Think Again!" stating that virtual currency has become an important tool for criminals engaging in illegal activities. The associated risks include being a "hotbed" for money laundering crimes, a "shelter" for cyber attacks, and an "accomplice" for espionage and theft. The article argues that the so-called "anonymity" of virtual currency is fundamentally a false proposition.The article states that blockchain is open and transparent, on-chain data is immutable, and complete transaction records are preserved, which can provide a basis for full-chain traceability. Address anonymity is merely a temporary separation of wallet addresses from real identities, and fiat currency exchanges leave traces such as device codes and network IPs. The article summarizes this as examining the ledger, checking the chain, and discussing the private key: the entire transaction leaves traces, making it difficult to hide real identities; if the private key is kept by the individual, it cannot be recovered if lost, while if it is entrusted to a platform, there is a risk of platform bankruptcy or disappearance.The article also mentions that in February 2026, the People's Bank of China and several departments reiterated that Bitcoin, Ethereum, Tether, and others should not and cannot be used as circulating currency, and related activities are classified as illegal financial activities, which are strictly prohibited. The article warns to be cautious of high-paying part-time jobs that settle in virtual currency and states that reports can be made through 12339, www.12339.gov.cn, the Ministry of State Security's WeChat public account, or local national security agencies.

Michael Saylor stated that as AI changes the way businesses are built, digital tokens can help 10 million new companies raise funds and reduce fundraising costs and delays. He advocates for simplifying issuance rules while retaining information disclosure and anti-fraud protections. Michael Saylor is the Executive Chairman of Bitcoin Treasury Company Strategy Inc.He proposed that companies could adapt rules for token issuance based on the type of issuance and set information disclosure requirements that match the risks, while reducing legal costs and retaining ownership protections and fraud accountability. The U.S. Securities and Exchange Commission (SEC) also proposed a cryptocurrency issuance exemption plan, one of which allows qualified issuers to raise up to $5 million within four years, and another allows raising up to $75 million every 12 months; both are still proposals and come with disclosure and anti-fraud requirements.

GoPlus Security posted on platform X that the outflow of funds from THORChain needs to be actively signed by validators through TSS threshold signatures, which is different from Bitcoin and Ethereum; approximately 101.5 BTC (about 8.5 million USD) has already been transferred from the stolen funds on Bitget, and about 27.63 million XRP (about 43 million USD) is being exchanged for BTC, calling for interception of North Korea-related addresses.

Recently, there has been a significant price deviation of fiat currency-pegged stablecoins in South Korean virtual asset exchanges. The Japanese yen stablecoin JPYC surged to four times its benchmark price after its listing, the euro stablecoin EURC skyrocketed over 400% in a single day on Bithumb, and the US dollar stablecoin PYUSD also showed a noticeable premium.Analysis suggests that the aforementioned fluctuations are due to insufficient circulation in the early listing phase combined with concentrated buying, unrelated to the issuer's asset preparation. Industry experts point out that relying solely on reserves cannot prevent price distortions in the secondary market, calling for the establishment of initial circulation guarantees, market maker (MM) and liquidity provider (LP) mechanisms during the design phase of the original Korean won stablecoin system, as well as the introduction of measures such as public disclosure of price deviation rates and restrictions on market orders.

Saudi Arabian Foreign Minister Faisal stated at the United Nations General Assembly that the Strait of Hormuz must be restored to its status before February 28, without any fees or restrictions.He emphasized that Gulf security is closely related to global energy security and the stability of international trade, calling for the assurance of freedom of navigation in international waterways.

Huang Licheng posted on platform X, stating: "ETH love you 3000," seemingly hinting at the expectation that ETH could reach a target price of 3000 USD.This expression appears to borrow from the classic line "I love you 3000" in the movie "Avengers: Endgame," which is said by Iron Man's daughter Morgan in response to her father's "I love you tons," and is later used again by Iron Man in his last words, becoming an important emotional link for the character.

Bitget CEO stated that the attacker's address has been publicly listed and is under continuous tracking. Bitget calls on THORChain to refuse service to these addresses. Decentralization is a design principle and should not serve as a shield to facilitate known stolen funds.

PAID Official Announcement: Currently, the token creator fee automatic distribution tool has successfully distributed 1.44 million dollars to Xmoney users. Paid previously launched the token issuance feature on Pons on the 19th. The official statement claims that 80% of the fees will be sent to X users via X Money, while 20% will be converted to SOL for repurchasing PAID tokens. Issuers can send fees through X Money by adding their X Handle in the project text description. Additionally, celebrities on X can receive fund distributions through X Money without needing to register for Paid or give consent.According to market news, the market capitalization of PAID on Solana has now surpassed 40 million dollars, with a 24-hour increase of over 360%, and a trading volume of 32.8 million dollars during the same period. Furthermore, on-chain data shows that Frank DeGods, the founder of DeGods, bought PAID approximately four days ago, investing around 145,000 to 169,000 dollars and holding tens of millions of tokens. The price of related tokens is highly volatile, and investment should be approached with caution.

The founder of Morpho, Paul Frambot, proposed a classification scheme suggesting that on-chain vaults be divided into "noncustodial" and "discretionary" categories to clearly define their nature to regulatory authorities.This proposal was immediately opposed by Aave founder Stani Kulechov, who called the classification "self-serving." Several vault developers also raised concerns, arguing that the timelock mechanism does not truly eliminate the role of the manager.