ib

U.S. President Donald Trump has once again promised that if the Republican Party wins the House of Representatives and the Senate in the midterm elections, every adult American citizen will receive a $5,000 dividend. This plan was previously proposed by Trump and remains a campaign promise.When asked whether this funding requires Congressional approval, Trump stated that they believe it does not; if it does, Congress will approve it. He also set a prerequisite that the funds must be spent within the United States, expressing a desire that this money does not flow to other countries, and claimed that this initiative will inject momentum into the economy.Based on approximately 240 million adult American citizens, the plan is expected to cost about $1.2 trillion, making it one of the largest economic stimulus plans in the U.S. since the COVID-19 pandemic.

Digital asset media Generation Infinity (Genfinity) reported on October 2, 2026, that Luxembourg has confirmed that investment funds can issue shares natively on distributed ledgers, with relevant units existing only in token form. The account also stated that Luxembourg is the largest investment fund jurisdiction in Europe and the second-largest fund center in the world.The above confirmation corresponds to the first version of the "FAQ - Tokenisation" released the same day by the Luxembourg Financial Supervisory Authority (CSSF). The document clarifies that Luxembourg collective investment undertakings (UCI) can use distributed ledger technology to issue native shares or stocks that exist only in token form, but the operational model must comply with the applicable regulatory framework. Issuing on a distributed ledger does not determine the legal form of the underlying securities, and the relevant shares or stocks can be issued in registered or paperless form.

The founder of Pons, Ozzy, posted on platform X in response to community concerns about the PONS buyback and burn mechanism, stating that the current burn rate has indeed not been adjusted, and the "Claim" process has not yet achieved complete decentralization.He mentioned that an on-chain contract upgrade is currently underway, with a new buyback mechanism planned to execute a Claim every 7 days. Subsequently, all funds received in the following 7 days will be used for buyback and destruction of PONS, and this process will repeat to establish a more sustainable buyback and burn mechanism. Currently, all buyback and burn operations have been automated. Anyone can trigger this bot and receive a small reward for this action.He further stated that the previously set buyback and burn rate is 2e per hour. Combined with the current funding scale of approximately 950,000 USD in the Splitter (fund diversion contract), this rate aligns with the 7-day buyback cycle. Funds will also be automatically executed according to the 7-day cycle after being claimed, so the buyback funds will be displayed in two different sections: one is the current active buyback fund pool (Active Buyback Vault), and the other is reserved for the buyback funds for the next week.Previously, crypto analyst yyy posted on platform X stating that Pons has not replenished funds to the buyback allocator for over 5 days, with approximately 440,000 USD in the escrow account awaiting claim. He believes that the untimely claiming of funds has led to a low burn rate of PONS recently and calls for promoting the decentralization of fund claims from the escrow account.

Illia Polosukhin, co-founder of NEAR, stated that recently the activity of developers within the ecosystem has increased and the development threshold has further lowered, focusing on what kind of applications to build and how to establish distribution channels.In this regard, he proposed a series of potential construction directions, covering AI electronic pets that combine NEAR AI on-chain verifiable reasoning with non-fungible tokens (NFTs), a universal checkout component that supports full-chain intent payments, a decentralized encyclopedia that combines prediction markets with AI-generated content, a privacy off-chain trading (OTC) market based on NEAR Intents and management of anti-liquidation lending and perpetual contracts, a cross-chain activity registration custody tool in the form of a staking deposit, privacy code review agents, enterprise equity structure management tools, Delta neutral strategy management, privacy tracking single transactions based on view keys, end-to-end encrypted medical auxiliary diagnostic systems, privacy voice transcription desktop applications, and AI benchmarking based on private test sets.Regarding product distribution, he suggested combining NEARLegion with community channels like X, achieving multi-chain wallet compatibility through Aurora Intent Connect to lower cross-chain thresholds, and actively expanding across communities and platforms like Product Hunt.

NEAR co-founder @ilblackdragon revealed on the X platform that the recovery of stolen funds from NEAR Intents was mainly due to the AI security layer SHIELD on Intents, as well as some proactive investigative work.The Intents team identified the responsible party and established communication within less than 24 hours of the hack, successfully recovering the funds in full today at 14:30 UTC.@ilblackdragon also stated that NEAR will continuously strengthen its security systems and further adapt to the ever-changing cybersecurity landscape. While AI may accelerate the exploitation of vulnerabilities, it can also help us defend against them. It is hoped that the entire industry will respond with vigilance and feel the same sense of urgency to collaborate together.

According to Onchain Lens monitoring, BlackRock's Bitcoin spot ETF IBIT received 2,309.6 Bitcoins from Coinbase Prime, with the post indicating a value of approximately 196.6 million USD.

Chief Investment Officer Greg Taylor of PenderFund Capital Management stated that the September non-farm report is favorable for the market and essentially rules out the possibility of a Federal Reserve rate hike in October.There may still be expectations for a rate hike in December, but it has already been priced in by the market and will not have a significant impact on the market.

According to The Wall Street Journal, Matador Technologies announced that it has issued a total principal amount of $10.5 million in senior secured convertible bonds and currently holds approximately 168 bitcoins. The company funds its bitcoin treasury through common stock and secured convertible bonds.This issuance is part of its $100 million secured convertible bond program, with a remaining $89.5 million available for withdrawal in batches upon meeting regulatory approvals and other conditions. The company's average monthly cash operating expenses are currently about CAD 125,000, and it plans to further reduce this to approximately CAD 100,000. The company's shareholders will vote on the establishment of a new class of preferred stock on October 14.

HL HUB (Community) posted on platform X that Hyperliquid expects to receive its first AQAv2 reserve yield distribution tomorrow. Approximately $14.5 million in passive income generated from USDC reserves will flow into the Assistance Fund for the purpose of repurchasing HYPE.It is reported that the revenue sharing mechanism of AQAv2 stipulates that Hyperliquid stablecoin deployers must allocate 90% of the reserve income from the stablecoin to the Hyperliquid protocol, and these earnings will be used 100% for the repurchase and destruction of HYPE tokens.The stablecoin reserve income distribution is settled on a 30-day cycle, and the income will automatically transfer to the Assistance Fund on the 8th day after the cycle ends. The formal revenue accrual will begin on August 26, and the first income payment will occur on October 3.

According to Bitcoin.com, U.S. Federal Judge Jennifer L. Rochon dismissed the class action lawsuit against the organizers of the LIBRA project, Kelsier Ventures, the DeFi protocol Meteora, and related individuals, while also denying the plaintiffs' request to amend the complaint again.

According to official data from Bitget, the Bitget Peer-to-Peer program has distributed its first batch of rewards, granting a total of 1,907,455 USDT to 763,543 users within 3 days.It is reported that this event will last until October 26. During this period, Bitget will continue to establish a user-exclusive prize pool with 30% of the platform's trading fee revenue, offering trading rewards, asset rewards, and VIP exclusive rights to different user groups.

According to SoSoValue data, the total net inflow of Bitcoin spot ETFs is 103 million dollars.The Bitcoin spot ETF with the highest single-day net inflow is Blackrock ETF IBIT, with a single-day net inflow of 196 million dollars. Currently, IBIT's historical total net inflow has reached 65.574 billion dollars. The second is Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of 14.5904 million dollars. Currently, BTC's historical total net inflow has reached 2.979 billion dollars.The Bitcoin spot ETF with the highest single-day net outflow is Fidelity ETF FBTC, with a single-day net outflow of 60.7316 million dollars. Currently, FBTC's historical total net inflow has reached 10.866 billion dollars.As of the time of publication, the total net asset value of Bitcoin spot ETFs is 109.338 billion dollars, and the ETF net asset ratio (market value compared to the total market value of Bitcoin) is 6.43%. The historical cumulative net inflow has reached 57.598 billion dollars.

According to Gate market data, U.S. software stocks rose, with IBM up 5%, ServiceNow up 4.8%, and Salesforce up 3%.

According to The Defiant, U.S. District Judge Jennifer Rochon ruled to dismiss the class action lawsuit against LIBRA and M3M3 tokens, and it was a "dismissal with prejudice," meaning the plaintiffs cannot bring the same claims again.The judge found that the plaintiffs' reliance on a six-month issuance of Meme coins was insufficient to support the Racketeer Influenced and Corrupt Organizations Act (RICO) allegations; at the same time, the plaintiffs never listed Meteora as a suable entity.

Tianfeng International Securities analyst Guo Mingqi published that his latest supply chain check shows that NVIDIA has begun testing fiberglass-free copper-clad laminates primarily made of hydrocarbon resin to replace the previously tested fiberglass-free PTFE copper-clad laminates, along with fiberglass-free hydrocarbon prepregs. The test aims to confirm whether this combination can meet the requirements of the Rubin Ultra NVL576 exchange tray PCB. NVL576 is an eight-rack interconnection solution expected to enter mass production in the second half of 2027.Guo Mingqi stated that preliminary tests conducted to enhance PCB manufacturability show that the fiberglass-free hydrocarbon copper-clad laminate has met the high-frequency electrical requirements of the exchange tray. Its electrical performance lags behind the original PTFE solution but is better than the M9 level solution and exceeds the M10 published specifications. This result does not represent the final material selection, indicating that NVIDIA is still seeking higher PCB manufacturing yields and production efficiency while meeting electrical requirements.Guo Mingqi mentioned that Shengyi Technology is currently the leading supplier for the NVL576 exchange tray material evaluation, with related materials including fiberglass-free PTFE copper-clad laminate SG5300N, fiberglass-free hydrocarbon copper-clad laminate SG1030N, and fiberglass-free hydrocarbon prepreg SIF09. SG1030N and SIF09 still contain a small amount of PTFE. He also stated that once specifications are confirmed and mass production begins, Shengyi Technology is expected to accelerate procurement from Chinese hydrocarbon material suppliers such as Dongcai, Shengquan, and potential supplier GCH Technology.

According to Rest of World, Alibaba launched the open-source model platform ModelScope in 2022, and OSChina launched MoArk in 2023, providing model hosting, testing, and customization services for Chinese developers behind firewalls. In 2023, Chinese regulators blocked Hugging Face without disclosing specific reasons; reports indicate that the government simultaneously allowed artificial intelligence laboratories to bypass the blockade to share Chinese models globally. ModelScope currently hosts over 170,000 models and stated in March that it has 170,000 models and 250 million users; MoArk hosts about 20,000 commonly used models, both still below Hugging Face, which hosts over 3 million open models.OSChina CEO Xu Yong stated that not everyone can always use a VPN, and China needs to establish an independent artificial intelligence ecosystem that serves Chinese users, claiming that China is developing an independent ecosystem faster than during the internet era. He also mentioned that MoArk has deployed engineering teams to ensure that models can run on different types of Chinese chips, making it their mission to ensure mainstream open models are compatible with Chinese chips. Both platforms offer some services for free, with additional computing power and premium features charged; ModelScope also hosts university hackathons and has opened co-working and event spaces for AI entrepreneurs in Hangzhou.Headquartered in New York, Hugging Face is a major platform for sharing open models and datasets. In September, Nvidia announced its acquisition of the company for $12.9 billion and noted in regulatory filings that regulators might prohibit sharing Chinese models on the site.

The artificial intelligence company DeepSeek has officially open-sourced infrastructure components for the Huawei Ascend computing platform, covering the TileLang high-level language compilation tool, computing libraries, and distributed communication libraries, corresponding to the previously open-sourced components for the NVIDIA platform. TileLang aims to provide a general-purpose, simpler programming language that can achieve the hardware performance limits, improving development efficiency and simplifying logic compared to CUDA, while its programming model can also leverage chip features.The TileLang route was first validated on the NVIDIA platform and has already supported the implementation of most operators in the training of the DeepSeek V4 series models. The open-sourced Ascend version encapsulates the underlying instructions of the Ascend C, providing a high-level programming approach without sacrificing hardware performance. Currently, every TileLang operator used in DeepSeek's training has a corresponding high-performance implementation on Ascend.The components open-sourced at the same time also include DeepGEMM, DeepEP, TileKernels, FlashMLA, and DeepSelect, which are used for general matrix operations, large-scale cross-device communication, conventional vector calculations and memory access, long-context sparse attention, and data filtering, respectively. DeepSeek claims that in multiple key tests, the related computing and communication performance has approached hardware limits; during the R&D process, the Huawei team provided support, and both parties collaborated to advance the 128-card supernode solution based on Ascend 950, with deep optimizations made for computing and communication.

Citi announced the launch of its enterprise-grade tokenized deposit service, Citi Token Services, in Japan and the UAE. Japanese customers can transfer funds almost instantly to accounts in regions such as the United States, the United Kingdom, and Singapore that have been activated; the service supports US dollars in Japan, and cross-border transfers can be conducted year-round, 24/7.This service is backed by bank deposits and processed on a permissioned blockchain managed by Citi, requiring no new accounts or cryptocurrency wallets. The covered markets have expanded to seven, including the United States, Ireland, Hong Kong, Singapore, the United Kingdom, Japan, and the UAE.

Tibo from the OpenAI Codex team posted on X that the team will reopen the $200 Pro subscription to new users tomorrow and adjust the usage calculation method for the plan. According to his calculations, the adjusted subscription's corresponding API expenditure will be equivalent to half of the old $200 Pro plan.Tibo stated that the team does not wish to compromise in other ways and promised not to restore the 5-hour usage limit, allowing users to use their weekly quota as needed. He also mentioned that subscriptions should allow users to accomplish more work and achieve higher quality with the same expenditure as model efficiency improves and API prices decrease. This week, the team has reduced the prices of GPT-6 Sol and GPT-6 Luna to 50% of their previous prices and intends to continue lowering prices and enhancing capabilities, rather than raising API prices and then offering discounts.Tibo also revealed that tomorrow, several content items that do not consume usage quotas will be added to the subscription, but specific items have not yet been disclosed. He stated that this advance notice of the adjustment in the calculation method is to inform users of this change before subsequent announcements related to the subscription.