Odaily reports: According to MSX.COM data, between 05:22 and 05:32 Beijing time today, the prices of perpetual contracts related to multiple US AI concept stocks experienced a brief sharp decline, followed by a rebound.

Among them, Western Digital (WDC) fell as much as 7.03%, hitting a low of $298.70, and is now at $318.65; Nebius (NBIS) fell as much as 6.97%, hitting a low of $155.12; Applied Optoelectronics (AAOI) fell as much as 6.93%, hitting a low of $70.52; IREN fell as much as 6.92%, hitting a low of $25.17.

In the memory chip sector, Micron (MU) fell as much as 6.32%, hitting a low of $818.57, and is now at $864.76; SK Hynix (SKHY) fell as much as 6.30%, hitting a low of $127.68, and is now at $135.14; SanDisk (SNDK) fell as much as 6.10%, hitting a low of $1,215.35, and is now at $1,269.35.

In addition, CoreWeave (CRWV) fell as much as 5.87%, and the SpaceX-related perpetual contract (SPCXUSDT) fell as much as 3.50%.

Odaily reports: Variational announced in its official Discord channel that due to an update to the wallet connection process, during a maintenance window 5 days from now (expected at 3:00 AM on Friday, October 23, 2026), all users will be logged out and must log back in through the new process to view their positions and resume trading.

Based on the development cadence Variational previously hinted at, the community speculates that this update is most likely related to the introduction of a trading API feature. Given that every Friday is Variational's points distribution day, if the trading API does indeed go live in the next update, the intervention of programmatic trading is expected to rapidly amplify the platform's trading volume, which could significantly affect the efficiency of points acquisition.

Odaily reports that pump.fun has launched perpetual contract trading services on its frontend based on Hyperliquid's Builder Code mechanism.

pump.fun stated in its official documentation that when users trade on Hyperliquid through its perpetual contract feature, pump.fun charges a developer fee (Builder Fee) of up to 0.10% on the notional value of each order submitted by users (including opening, adding to, or closing positions). Additionally, for each transfer of assets to or from Hyperliquid via the cross-chain bridge provided within the app, pump.fun charges a fee of up to 0.25%, which is charged on top of the fees collected by the cross-chain bridge operator itself and may be displayed together with the operator's fee as a combined cross-chain fee amount.

Odaily Report: According to on-chain analyst Yu Jin's monitoring, a whale holds a 1,360 BTC long position worth $110 million, with a liquidation price of $80,034, and has set a market stop-loss at $80,500.

Odaily reports: On their Q3 earnings calls, Goldman Sachs, Wells Fargo, and Morgan Stanley said they view tokenization as a business growth opportunity, but none provided related revenue expectations. Goldman Sachs is exploring expanding its use of DTCC's tokenization services; Wells Fargo has used tokenized deposits to process cross-border payments, with funds able to reach recipient accounts within two minutes, and is exploring tokenized securities, RWA, and crypto trading services for wealth management clients; Morgan Stanley said tokenization can accelerate and simplify asset transfers, but clients still need investment advice.

Odaily News: According to on-chain analyst Ember's monitoring, a whale that previously opened a $187 million long position with maximum leverage had its 4,890 ETH long position liquidated at $2,356 during the decline at 5 AM today, with the position value at $11.74 million. This price was the lowest point ETH reached in the early hours of today and may have been driven by this liquidation.

Odaily: Tesla CEO Elon Musk admitted that he "got a little off track" in political affairs, spending more time away from his companies than he should have. Musk said he should have played a less high-profile role and should not have spent more than a month or two on government affairs, whereas in reality he spent about four months at the White House. Musk noted that he should have returned to focusing on the field of artificial intelligence sooner.

Odaily reports: Goldman Sachs CEO David Solomon said during the October 13 earnings call that tokenization is becoming an important trend spanning multiple asset classes and could bring more products, clients, and business. The bank has already tokenized bonds, money market funds, and real estate for some clients.

DeFi, prediction markets, and automated trading are also under discussion, but Goldman Sachs has not announced related specific products. Solomon said blockchain-related activity remains relatively small in scale at present.

Goldman Sachs uses its proprietary GS DAP platform to provide blockchain-based financial asset infrastructure and participated in the tokenization service launched by the Depository Trust & Clearing Corporation (DTCC) in July, and is evaluating scalable applications. Solomon said tokenization can reduce costs, automate processes, and improve liquidity across asset classes.

Solomon said Goldman Sachs supports the passage of the CLARITY Act, despite reservations about some provisions, and is participating in discussions with regulators on market rules. The bank reported third-quarter net revenue of $18.68 billion, with equities business revenue up 72% year-over-year to $6.4 billion. (Bitcoin.com News)

Odaily reports: Deutsche Bank is close to launching an institutional-grade crypto asset custody business and is expected to begin serving institutional clients within a few weeks. It will initially target German enterprises and professional investors, supporting assets such as Bitcoin and Ethereum, with technology jointly developed by Swiss digital asset infrastructure company Taurus. The service is not a retail-facing cryptocurrency trading app, and the relevant plans are still subject to regulatory approval. Deutsche Bank has also discussed tokenized deposits, digital securities, and the possibility of expanding to Asian financial centers in 2027.

Odaily reports: Frgmnt co-founder and CEO Aurélien Roussel stated that stablecoins are shifting from DeFi tools to critical infrastructure for accessing US dollars, and the next phase of adoption will depend on making blockchain technology nearly invisible to end users.

He noted that the 2023 bank failures demonstrated that fiat-collateralized stablecoins, despite being on-chain assets, still rely on the off-chain traditional banking system and cannot fully escape bank counterparty risk.

Roussel stated that Tether maintains dominance in non-Western global trade through liquidity, exchange support, merchant acceptance, and distribution networks, while local regulatory frameworks such as MiCA are pushing issuers to build locally compliant infrastructure.

He believes that Layer 2 networks have reduced stablecoin transaction costs to less than 1 cent, and issuer competition will shift toward distribution, liquidity, and financial services. Stablecoins will also expand from payment tools into programmable, yield-generating capital. CBDCs and private stablecoins are more likely to coexist. (Bitcoin.com News)

Odaily: Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.

JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.

Odaily — Grayscale has partnered with investment platform Republic to launch three crypto-focused funds with a minimum contribution of $2,500, themed around decentralized finance, AI, and blockchain data infrastructure. Accredited investors who meet U.S. securities regulations can gain exposure through managed vehicles without having to purchase the underlying tokens themselves. The products are not aimed at general retail investors; private placement products may be subject to resale restrictions, and position liquidity is lower than that of publicly traded ETFs, while the crypto assets within the portfolios remain volatile.

Odaily Report: Roughly half of the market value of the tokenized stocks issued by Coinbase has been deployed into DeFi protocols on the Base network, involving fractional shares of major companies such as Apple and Nvidia, and is open to eligible non-U.S. users on the Base platform. As of the time of reporting, approximately $262.4 million of such assets had been deployed in DeFi protocols, an increase of about 18x from $14.66 million at the start of 2026. These assets can be traded on decentralized exchanges and used as collateral for lending. Coinbase previously disclosed that DEX trading volume of tokenized U.S. stocks on Base reached $1.5 billion over the past 30 days, up 313% from the prior 30 days.

Odaily reports: According to Onchain Lens monitoring, two whales that had been dormant for 12 to 13 years transferred 416.6941 BTC to the same address. Among them, a wallet dormant for 13 years transferred 167.8402 BTC, worth $13.62 million; a wallet dormant for 12 years transferred 248.8539 BTC, worth $20.20 million. The original value of the above BTC was approximately $105,400, and its current value has increased by approximately $33.71 million.

Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.