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U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

Brevan Howard Digital’s flagship fund was down 3.8% through September, while its stablecoin strategy, launched in February, was up more than 35% year to date. Industry dynamics and the company’s adjustments have drawn interest from multiple institutions, with inflows even from sovereign wealth funds, although the company has not disclosed the amount of new capital.

ME News, October 20 (UTC+8) — DeepSeek said it has implemented high-throughput, low-latency large-scale inference services for DeepSeek V4.1 Flash based on DeepInfer. In the future, inference code and subsequent optimizations for new DeepSeek models will continue to be updated here. (Source: PANews)

In an interview with The Wall Street Journal, JPMorgan Chase CEO Jamie Dimon said the U.S. economy is currently strong, profits are rising, unemployment is low, and leverage levels are not high—so the current environment could be described as good times. On the risk front, sticky inflation, massive fiscal deficits, and geopolitical uncertainty are building. It is difficult to predict when a recession will occur, as recessions are usually triggered by a combination of factors. The bank emphasized in-depth risk analysis and thorough preparation for scenarios involving interest rates, inflation, and stagflation, ensuring it can continue serving the real economy even under extreme conditions such as a stock market decline and widening credit spreads.

ME News, October 20 (UTC+8) — 21Shares has launched the 21shares Lighter ETP (ticker: LIHT) and the 21shares Venice Token ETP (ticker: VENC). LIHT is listed on Deutsche Börse Xetra, while VENC is listed on SIX Swiss Exchange. (Source: Foresight News)

According to Onchain Lens, the Drift Protocol attacker transferred at least 13,400 ETH, worth approximately $32 million, to Tornado Cash after lying dormant for two months. The tracked wallet still holds approximately $225 million in assets, including 93,965 ETH (approximately $224.04 million) and 477,375 USDY. Source: Foresight News

ME News reported on October 20 that the Lido engineering lead warned at ACDC#189 that one-time builder onboarding introduced in the Glamsterdam upgrade could interfere with existing deposit protection logic. Multiple deposits under the same validator public key could be misinterpreted during the fork transition and even credited to the builder. Core developers declined to make a fix due to timing concerns, worried that already-activated Sepolia and Hoodi clients would need to be redeployed and retested, disrupting the fork onboarding process and potentially affecting queued deposits.

FINMA has approved Switzerland’s first ETF to invest directly in Bitcoin, classifying it as an alternative investment and labeling it high risk. Some risk-diversification rules are waived to improve operational and custody security and ensure risk disclosure. However, Bitcoin remains a high-risk asset, and investments may lose substantial value. Several institutions are applying for similar products. In 2021, FINMA also approved a cryptocurrency fund for qualified investors.

The World Gold Council’s Digital Gold Market Opportunity report says the digital gold market is currently worth approximately $4.5–5.5 billion and will expand at an annual growth rate of about 27% over the next five years, reaching $160–170 billion by 2031. Digital gold accounts for less than 1% of the global physical gold market, which is worth approximately $13 trillion. Spot trading volume for tokenized gold reached $9 billion in Q1 2026, exceeding the full-year 2025 level.

ME News reports that on October 20 (UTC+8), British digital bank Revolut experienced a major service outage. The disruption included limited app functionality and prevented users from making in-person payments with physical cards. Revolut later tweeted that it was experiencing an outage affecting multiple features, with some services temporarily unavailable. Its engineering team was working hard to restore full service as quickly as possible. (Source: Foresight News)

ME News, October 20 (UTC+8) — Foreign Ministry spokesperson Mao Ning hosted a regular press conference.
An Agence France-Presse reporter asked: The U.S. government has required federal agencies to stop using Chinese AI products such as DeepSeek, citing concerns that sensitive data could be transferred. What is China’s comment?
Mao Ning said that China has consistently opposed the broadening of the concept of national security and the politicization of technology and trade issues. We will resolutely safeguard the legitimate rights and interests of Chinese companies. (Source: PANews)

USD.AI’s stablecoin sUSDai has launched CHIP governance. Financing standards will be established through an open governance process. Proposals must go through at least 4 days of forum discussion (CRFC), Snapshot voting, and on-chain voting with a timelock. The first proposal sets the origination parameters for new financing (collateral, maximum utilization, and Compute IQ standards). Compute IQ is an intelligent underwriting scoring system based on GPU data.

JPMorgan CEO Dimon’s stance on Bitcoin has swung dramatically over the years: in 2017, he called it a fraud; in 2018, he regretted the remark and endorsed blockchain; in 2019–2020, he said it wasn’t his cup of tea; in 2021, he called it worthless; in 2023, he said he wanted to ban it; and in 2024, he called it a “pet rock/Ponzi scheme.” In 2025, while still critical, he acknowledged people’s right to buy it. The 2027 outlook includes Bitcoin in its long-term return forecasts for the first time, projecting a 10–15-year CAGR of about 10%, higher than U.S. stocks at 7.5%, gold at 5.5%, and REITs at 8.2%.

According to four people familiar with the matter, the Bank of Japan may raise its inflation outlook for the next fiscal year in its projections this month, as oil prices are driving more persistent-than-expected price pressures. The bank is expected to hold rates steady at its two-day meeting on October 30–31, unless the yen falls sharply, driving up import costs and inflation. Its quarterly report after the meeting may continue to emphasize inflation risks, leaving room for another rate hike in December.

According to THE ELEC, Tesla, SpaceX, and xAI are advancing the Terafab semiconductor project in Texas and are in talks with South Korean materials, parts, and equipment suppliers, signing nondisclosure agreements. Representatives visited around ten South Korean companies at Semicon West to confirm their products and production capacity. Terafab’s initial investment is $16.8 billion, with a target of reaching monthly wafer starts of 1 million within ten years and employing more than 3,000 people. SpaceX signed a tax abatement agreement with Texas; the initial facility will have monthly capacity of 100,000 wafers and is expected to be completed before 2030. Initial applications include chips for Tesla’s autonomous driving and robotics systems, as well as chips for SpaceX satellites and data centers.

Beast Holdings filed trademark applications for “MRBEAST FINANCIAL” and “BEAST FINANCIAL,” covering services such as mobile banking, loans, cards, investments, and crypto trading. The publication date is 2026-08-11, and a Notice of Allowance was issued on 10-06; the applications remain at the intent-to-use stage. Earlier this year, Beast Industries received an investment of approximately $200 million from BitMine. Tom Lee said the company would combine DeFi with a focus on younger users, while CEO Jeff Housenbold said it would introduce DeFi elements to the new platform.

At Money20/20 USA, Matera, Payfinia, and the Solana Foundation demonstrated single-invoice QR code payments using ANSI X9.150: invoices can be paid via FedNow, RTP, ACH, Zelle, or USDC on Solana, with payments posted to the invoice record within seconds and automatically marked as paid. X9.150 is expected to be approved in July 2026 and covers payments across multiple rails. This was a demonstration, not a product launch. Matera has open-sourced a reference implementation, with Zelle, the Solana Foundation, and others participating.

At the 2026 Financial Street Forum, central bank Governor Pan Gongsheng said that according to SWIFT statistics, the renminbi accounts for 3–4% of global payments, ranking fifth worldwide. Including internal settlements through CIPS and other systems, its share is about 6–7%, ranking third globally. The renminbi has become the largest settlement currency for cross-border receipts and payments and the world’s second-largest trade finance currency. Going forward, China will introduce multi-tier custody arrangements to open up its bond market, promote renminbi bonds as globally eligible collateral, support an offshore renminbi market centered in Hong Kong and coordinated with London, Singapore, and Dubai, and provide stable, multi-tier liquidity.

ME News, October 20 — Nasdaq-listed BNB Standard (BNC) has appointed Alex Odagiu as CEO. He has served as interim president and director since June 2026 and was previously an investment partner at YZi Labs. Brent Miller will continue as CFO and perform CEO duties. The company will operate its own BNB Chain validator nodes, with technical operations handled by an infrastructure service provider. Treasury BNB will be held by a qualified custodian while staked.