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The Zama spin-off project Raycash has launched on the Ethereum mainnet and entered the private testing phase

According to The Block, the stablecoin payment startup Raycash, spun off from the privacy protocol Zama, has launched on the Ethereum mainnet and is currently in the private testing phase. Raycash stated that over 75,000 people had joined the waiting list before the launch, and access will be opened in batches during the private testing period, followed by a full launch.Raycash is built on the Zama protocol and employs fully homomorphic encryption technology to encrypt on-chain balances and transaction amounts. Users can wrap stablecoins 1:1 into tokens under the ERC-7984 confidential token standard for payments and receipts, and earn yields through Morpho, with amounts and balances kept private; the underlying stablecoins can be retrieved through permissionless unwrapping. Initially, the application supports USDC and allows for bank transfers, credit card or stablecoin deposits, and withdrawals to bank accounts, with Ethereum Gas fees handled by the platform in the background, so users do not need to hold ETH.Raycash stated that its wallet is a self-custodial wallet, and confidential tokens do not have freezing or confiscation capabilities at the token level, allowing users to grant viewing permissions to specific parties such as accounting and auditing institutions. Additionally, the Raycard for privacy consumption is under development.

Gate launched the 7-day check-in sprint for the second phase, with a prize pool of 40,000 USDT covering newcomers, check-ins, and transaction volume rankings

According to the official announcement, the Gate Gold Dog 7-day check-in sprint for the second phase activity will take place from November 6, 16:00 to November 13, 16:00 (UTC+8), with a total prize pool of 40,000 USDT. After users complete registration, trading in the Gold Dog special area for SOL chain tokens will allow them to participate in three exclusive activities for new users: daily check-ins and trading volume rankings, with buy and sell transaction volumes combined for calculation.During the event, new users of Gold Dog who accumulate a trading volume of 100 USDT will receive a 10 USDT fee rebate voucher; if a user's daily trading volume reaches 200 USDT, they will complete that day's check-in. Accumulating check-ins for 3, 5, and 7 days will correspond to rewards of 2, 4, and 7 USDT respectively, with each person only eligible to receive the final highest tier reward.Regarding the trading volume rankings, if a user's daily trading volume reaches 2,000 USDT, they can complete that day's sprint check-in. If they accumulate for 3 days and the total trading volume of the event reaches 10,000 USDT, they can participate in the rankings, with the top 500 sharing 20,000 USDT. If the top trading volume reaches 400,000 USDT, they will receive 2,000 USDT exclusively, while other ranked users will share the remaining prize pool based on their trading volume proportion, with a maximum of 50 USDT per person. Daily check-in and trading volume ranking rewards cannot be stacked; if both are met, the higher reward will be granted.

first_img ByteDance's enterprise version will be phased out, with service ending by the end of 2027 at the latest

On November 5, according to reports from BianNiuShi, Coze, the intelligent agent development platform under ByteDance, announced a phased discontinuation of its current enterprise version. Starting from November 30, the standard and flagship versions for enterprises will stop accepting new customer purchases; the old package on Volcano Engine will be discontinued on December 31 of this year, and the new enterprise package is planned to be fully discontinued by December 31, 2027.Existing enterprise customers can still renew and purchase additional seats, but the service period cannot exceed the discontinuation date of the corresponding product. According to the current announced arrangements, the adjustment targets are the enterprise packages, not the immediate shutdown of Coze as a whole. On August 24 of this year, ByteDance integrated the TRAE and Coze teams into the Doubao system, and the next day launched the Agent product brand "Doubao Work" aimed at productivity scenarios.According to the "2025 China Intelligent Agent Development Platform Market Share Report" released by IDC in June this year, by 2025, Volcano Engine (Coze) will hold the first position in China's public cloud intelligent agent development platform market with a revenue share of 19.3%, while Baidu Intelligent Cloud and Tencent Cloud rank second and third with 13.9% and 12.6%, respectively. Tencent's intelligent agent platform Yuanqi has already updated its service discontinuation announcement on October 8, stating that it will fully cease operations starting November 9, 2026.

YZi Labs launched the first phase of the Atlas Scout program to assist the new generation of college student entrepreneurs in obtaining early support

According to official news, YZi Labs announced the launch of the first phase of the Atlas Scout program, recruiting four students from Stanford University, Yale University, the University of California, Berkeley, and the University of California, Los Angeles, to participate in early investment projects in the fields of Web3, artificial intelligence (AI), and biotechnology.The program aims to allow outstanding university students to gain early exposure to venture capital, participate in project discovery, preliminary research, due diligence, and investment judgment, and encourage them to organize entrepreneurial communities on campus and explore investment opportunities. YZi Labs will provide a maximum of $1 million in intended investment for related investment opportunities in this program and open its ecosystem network composed of over 300 portfolio companies.YZi Labs stated that many potential entrepreneurs often begin their explorations in laboratories, open-source projects, campus entrepreneurial organizations, and technology communities before entering traditional financing channels, and their peers who learn and work with them usually discover their potential earlier. The Atlas Scout program hopes to leverage students' own campus networks to help these early entrepreneurs obtain capital, mentorship, and industry resources. Eligible entrepreneurial teams will also have the opportunity to connect with YZi Labs' EASY Residency program or further discuss investment collaboration.The Atlas Scout program not only expands financing and resource channels for early entrepreneurs but also allows participating students to accumulate venture capital experience through practical projects, enhancing their project evaluation, founder communication, and investment judgment skills.YZi Labs stated that Scouts can independently carry out campus activities based on their interests, such as organizing technical exchanges, gathering entrepreneurial teams, or discovering potential investment projects, while receiving guidance and ecosystem resource support from YZi Labs in the process. The program aims to establish connections before entrepreneurial projects gain widespread attention, allowing initial ideas on campus to have the opportunity to develop into actual projects, while cultivating a new generation of investors who can identify technological trends and entrepreneurial potential earlier.

Gate Idle Money Treasure × Yu Bi Treasure Phase 2 activity is open for a limited time, with a maximum annualized yield of 5%

According to the official announcement, the Gate Idle Money Treasure × Yu Bi Bao second phase interest rate increase activity is ongoing. This phase of the activity covers USDT current financial products, and users who meet the specified net recharge conditions can receive additional interest rate rewards.In the Idle Money Treasure activity, users who accumulate net recharges of BTC, ETH, and USDT to reach the specified threshold during the activity period and activate Idle Money Treasure can receive additional interest on top of the basic earnings. Specifically, if the cumulative net recharge reaches 10,000 USDT, users can enjoy an additional 1% interest rate, resulting in a comprehensive annualized yield of 4%; if it reaches 50,000 USDT, users can enjoy an additional 2% interest rate, resulting in a comprehensive annualized yield of 5%. The upper limit for the principal eligible for interest rate increases in both tiers is 50,000 USDT.The Yu Bi Bao activity is open to VIP 2 to VIP 14 users. If the cumulative net recharge of USDT reaches 100,000 USDT and users subscribe to a 7-day fixed-term financial product in USDT, they can enjoy an additional 7.3% interest rate on top of the 3.7% basic annualized yield, resulting in a comprehensive annualized yield of 11%. The upper limit for the principal eligible for interest rate increases is 100,000 USDT. Users must continuously meet the net recharge requirements during the subscription and the order's duration to receive the additional interest rate rewards.

first_img CITIC Securities released the second phase report on the listing guidance for MiniMax A shares

The website of the China Securities Regulatory Commission shows that CITIC Securities released the "Report on the Progress of the Guidance Work for the Initial Public Offering and Listing of MiniMax Group Inc. (Phase II)" on October 15. This phase of guidance started on July 10, 2026, and lasted for more than three months. CITIC Securities, together with Tongshang Law Firm and Ernst & Young, continuously monitors the company's operational performance and compliance in accordance with regulatory requirements and the guidance agreement, and conducts guidance through on-site training and communication on specific issues.The report states that the guidance target has established an internal governance structure and relevant company management systems, but there is still room for optimization in execution. CITIC Securities will collaborate with intermediary institutions, combine due diligence, continuously refine and improve corporate governance and standardized operations, propose rectification suggestions, and supervise the implementation of internal controls. In the next phase, work will continue with Tongshang Law Firm and Ernst & Young, focusing on enhancing standardized operational levels and preparing for guidance acceptance.On May 29, 2026, CITIC Securities signed a guidance agreement with MiniMax and submitted a guidance filing application to the Shanghai Regulatory Bureau of the China Securities Regulatory Commission on the same day, which was accepted, marking MiniMax's official entry into the guidance period. The large model company MiniMax (00100.HK) was listed on the main board of the Hong Kong Stock Exchange on January 9, 2026, approximately four years from establishment to listing, and has focused on the research and development of full-modal models since its inception.
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