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Tesla shares fell about 3.3% after hours after it cut its 2026 capital-spending forecast to about $20 billion, from more than $25 billion. Analysts read the cut as a sign that the ramp of its Optimus robots and Cybercab robotaxis is slipping.
Meta rose about 2% after third-quarter revenue of $64.6 billion beat estimates and it raised the low end of its 2026 capex range to $135 billion. Chip-equipment maker Lam Research fell more than 5% on its outlook. S&P 500 futures lost 0.5%.$BTC ‌

Three-day ETF total: Monday $526.6M (IBIT $665.2M, FBTC -$83.6M, GBTC -$54.9M), Tuesday $23M, Wednesday $528M (IBIT $235M, FBTC $213M). October net: ~$461M positive, flipping from $615M in outflows on October 16. YTD: $1.34B. Ether ETFs +$15M Wednesday (ending a five-session outflow streak); Solana ETFs +$585K (ending a 13-session streak); XRP ETFs +$709K. The pace comparison is the analytically important number: the three prior steep Bitcoin rallies (Jan-Mar 2024, Aug-Dec 2024, Apr-Jul 2025) averaged $235M/day, with one $500M+ day in every five and six $1B+ days total. Since July 1, the curre

KOSPI closed at 5,533.77 (-3.52%, -201.89 points) — its lowest close since April and 39.3% below its June record. SK Hynix -5.48%, Samsung -4.02%; institutions net sold 464.1B won. KOSDAQ -3.62% to 764.1. The Bank of Korea held its benchmark rate at 3.00% on the same day — no relief from the central bank on a session where AI capex concerns drove the memory complex lower again. Nikkei 225 -2.65% to 62,907.84, its first close below 63,000 since September 14. The KOSPI has now triggered 10 circuit breakers this year, lost 39.3% from its June record, and posted its worst quarter since Q1 2020 in

Tesla Q3: revenue $28.05B (vs $28.13B expected), adjusted EPS $0.48 (vs $0.44), adjusted EBITDA $3.90B (vs $3.66B). Automotive revenue -3% YoY to $20.56B on lower average selling prices and battery supply constraints. GAAP net income $787M (-43% YoY). Free cash flow: $1.53B vs an expected outflow of $4.92B — the genuine beat. Full-year capex cut to $20B from $25B; CFO Taneja: funding capex primarily from operating cash flows. The market read the cut as a signal that Optimus and Cybercab ramps are slipping rather than as capital discipline. Deliveries: 486,532 (-2% YoY, above 463,000 consensus)

Meta Q3 revenue: $64.6B (+26% YoY, vs $63.3B expected). Net income: $9.86B ($3.83/share) vs $2.71B ($1.05/share) a year earlier. Q4 guidance: $73-76B (midpoint $74.5B vs $73.7B consensus). Muse: 10M+ US/Canada accounts; Zuckerberg expects cost efficiency to improve 10x+ over the next year before revenue lines hit scale. Capex range revised to $135-145B (floor raised from $130B). New Class C nonvoting stock approved (one-for-one distribution in January 2027), doubling shares outstanding while Zuckerberg retains control — the mechanism that funds AI infrastructure without diluting voting power.

The Starknet Foundation said a nonbinding Snapshot vote on whether to study an independent quantum-resistant L1 path has concluded, with 93.52% of participating voting power in favor. According to Foresight News, StarkWare and the Starknet Foundation will form a joint working group and begin the research immediately, assessing technical requirements, trade-offs, and potential effects on users, developers, and the ecosystem. The group will publish its findings on the governance forum over time. The Foundation said the vote does not approve a transition of Starknet to an L1. If the research supp

Vice President JD Vance said that, taking Starlink as an example, European countries had almost unanimously decided to launch a regulatory and licensing battle against SpaceX. He added that they are now going to SpaceX to say, “Please do what we need you to do.”$ETH ‌$GT ‌

“Tesla and Nvidia will invest $2.8 billion in a Samsung Electro-Mechanics factory. According to ChainCatcher, the investment was reported by South Korea’s Maeil Business Newspaper.” means that Tesla and Nvidia are reportedly planning to put a combined $2.8 billion into a manufacturing facility operated by Samsung Electro-Mechanics, a company that produces electronic components.
 
The report is being attributed to South Korea’s Maeil Business Newspaper and was relayed by ChainCatcher. If confirmed, the investment could indicate that Tesla and Nvidia want to secure greater access to important el

US spot Bitcoin ETFs took in $528 million of net inflows on Wednesday, October 21, according to SoSoValue. That followed $23 million on Tuesday and $526.6 million on Monday, a three-day total of $1.08 billion. The streak lifted October’s net flows to about $461 million, from roughly $615 million of outflows on October 16, and year-to-date inflows to $1.34 billion. $BTC ‌

#GateReserveRatioReaches118.49%
Gate has released its latest Proof of Reserves report, showing an overall reserve ratio of 118.49% as of October 18, 2026. According to the exchange’s announcement on October 21, total reserves reached $8.688 billion, increasing 5.7% from the previous reporting period. Customer net assets stood at $7.332 billion, while the reserve ratio improved from 117.26%.
The report highlights reserve coverage across major cryptocurrencies. Bitcoin reserves reached 25,727 BTC against customer holdings of 21,156 BTC, giving BTC a reserve ratio of 121.60%. Ethereum reserves s

Tesla's earnings report released Wednesday showed profit fell year over year for a second consecutive quarter as the company continued investing heavily in autonomous vehicles, humanoid robots and other emerging technologies. Third-quarter net income fell about 44% to $787 million from $1.4 billion a year earlier, while revenue was $28 billion, little changed from the same period last year. Market expectations had been for net income of $785 million and revenue of $27.88 billion. Tesla reported positive third-quarter free cash flow of $1.53 billion, compared with market expectations of negativ

Musk said the committees were formed at shareholders’ request and that he is recused as a conflicted party. He said he thinks a merger would be a good idea but that no terms have been reached and a deal is not certain. On Tesla’s side, a deal would need a 50% vote of all outstanding shares, not just those voting.
Analysts remain split on timing. Dan Ives has put the odds of a merger within a year above 80%. Barclays analyst Dan Levy sees SpaceX as the more likely acquirer, in an all-stock deal. RBC Capital Markets analyst Tom Narayan modeled a hypothetical $480-per-share offer for Tesla, about

The GENIUS Act is expected to take effect on January 18, 2027, and stablecoin companies need to assess their compliance options. According to Odaily, the act took effect on July 18, 2025, and its general application date is 18 months after enactment or 120 days after the primary federal payment stablecoin regulators issue final implementing rules, whichever comes first. The U.S. Treasury estimates the general effective date will be January 18, 2027, while some restrictions on issuance and sales will take effect on July 18, 2028.
The Office of the Comptroller of the Currency published a main im

A Bitcoin whale had about $5 million in short positions partially liquidated, leaving its $18.38 million BTC short position close to liquidation on October 21. According to BlockBeats On-chain Detection, TradingBeats monitoring showed that over the past two hours, 55.19 BTC and 153.19 ETH were forcibly bought back, equal to 20% of each position before liquidation. The transactions totaled about $4.99 million, with realized trading losses of about $46,500 and fees of about $1,398.
After the liquidations, the whale retained short positions worth a combined $19.88 million, with an unrealized loss

Meta plans to introduce a new type of non-voting shares. According to Sina Finance, citing Semafor and people familiar with the matter, the plan would allow Meta to issue new shares without diluting Mark Zuckerberg’s control and could be announced as soon as the company reports quarterly results on Wednesday.#TeslaQ3EarningsPreview $GT ‌

U.S. Treasury futures with maturities of two to 10 years fell to intraday lows, while oil prices rebounded. According to Sina Finance, citing Reuters, the United States was preparing to order some staff at its embassies in the Gulf region to evacuate. Short- and intermediate-term futures led the declines, pushing the 5s30s spread to its narrowest level of the day. Yields on short- and intermediate-term U.S. Treasuries rose 4–5 basis points, while 20- and 30-year yields rose about 2 basis points. WTI crude futures erased their losses and turned higher, gaining about 0.4%.$BTC ‌$GT ‌

Brent rose above $110 as attacks on shipping around the Strait of Hormuz threatened flows and US industry data pointed to another drawdown in stockpiles. The dollar firmed slightly and Treasuries gave back part of Tuesday’s gains.
The chokepoint matters for reading the risk. Hormuz carried 10.9 million barrels a day in September, and it is a separate exposure from the Red Sea and Bab el-Mandeb routes where Houthi forces operate — both are now in play, and conflating them understates which flows are at risk.$SOL ‌$GT ‌

Hashdex notes that Bitcoin’s bear phase had run 359 days as of September 30, against 361, 377 and 411 days for the three previous cycles since 2011.
Counted to today, it is day 380. That already exceeds two of the three comparators, and the average of the three is 383 — so Bitcoin is at the historical duration rather than approaching it. The argument the number was making three weeks ago is not the argument it makes now.
Three prior cycles is also a thin basis for a timing call, and their 50-day spread leaves wide latitude. The observation is interesting as context and does not support a concl