Today's key news highlights:
DeepSeek's website and API recovered after a widespread outage of about five hours
The Nikkei 225 fell 4.9% today, while South Korea's KOSPI closed down 7.56%
The Starknet community has initiated a sentiment vote on transitioning to an independent quantum-resistant L1
Abraxas Capital's two hedge accounts have accumulated profits exceeding $331 million, holding over $1.45 billion in short positions
Binance will suspend FIL deposits and withdrawals on October 19 to support the Filecoin network upgrade and hard fork
In the past hour, over $476 million was liquidated in the crypto market, with longs hit by a stampede
After the U.S. CPI release, the probability of a Fed rate hike in October rose to 43.7%, doubling from before the data release
Doubao Phone was refused agent operation by 155 apps, including WeChat, Taobao, and Alipay
Apple plans to launch the first batch of Apple Intelligence features in China in December
Vitalik: The zkEVM speed war has been won, and the top priority should shift to security
Regulation & Macro
Hong Kong Monetary Authority announces ART framework to support responsible AI adoption in the banking sector
The Hong Kong Monetary Authority announced the "ART" framework to support the responsible application of artificial intelligence in the banking sector and establish an accountable, resilient, and trustworthy AI-enabled banking ecosystem. Specific measures include: issuing the latest "Supervisory Guidance on Responsible Application of Artificial Intelligence" (including insights gained from the second phase of the Generative AI Sandbox); collaborating with Hong Kong Cyberport and the University of Hong Kong to build an AI training data sharing platform, with data quality assurance as a core design principle; further testing agentic AI applications through the GenA.I. Sandbox++, and publishing a discussion paper on a proposed supervisory framework for Agentic AI governance, exploring intent-based accountability arrangements, a register of important AI agents, and effective intervention mechanisms.
South Korea's financial regulator will hold an emergency meeting to discuss the stock market
South Korea's financial regulator issued a statement saying it will hold an emergency meeting to discuss the stock market.
Australia's ASIC seeks comments on digital asset regulatory implementation rules, with new laws to take effect in April 2027
The Australian Securities and Investments Commission (ASIC) has launched consultation on implementation guidance and standards for new laws governing digital asset platforms and tokenized custody platforms, with the new laws to take effect on April 8, 2027. The proposed requirements cover applying for or varying financial services licenses, client disclosure, asset holding, trade settlement, and net tangible asset standards, and propose simplifying the process for existing licensed institutions to add permissions. Comments are due by 14:00 Beijing time on November 27.
After the U.S. CPI release, the probability of a Fed rate hike in October rose to 43.7%, doubling from before the data release
The CME FedWatch tool shows that traders' probability of a 25 basis point Fed rate hike in October rose to 43.7%, while the probability of keeping rates unchanged fell to 56.3%. Compared with before the release of the U.S. September CPI data, the rate hike probability rose by 22.1 percentage points from 21.6%. U.S. September CPI rose 3.7% year-on-year, above the market expectation of 3.6%, boosting market expectations for a rate hike this month.
Project Dynamics
Anthropic opens a Singapore office, with Singapore ranking second in per capita Claude.ai usage
Anthropic announced the opening of an office in Singapore, its fifth office location in the Asia-Pacific region, and signed a memorandum of cooperation with Singapore's Ministry of Digital Development and Information, covering cooperation areas including AI safety, security, model evaluation, AI application research, and responsible adoption across the public and private sectors. The announcement said Singapore ranks second among 121 countries in per capita Claude.ai usage; GovTech has more than 1,500 engineers using Claude Code, and DBS, GIC, Grab, Sea, and Supabase are all using Claude.
The Starknet community has initiated a sentiment vote on transitioning to an independent quantum-resistant L1
The Starknet community has launched a 7-day non-binding vote to seek STRK holders' opinions on exploring a transition to an independent quantum-resistant L1. If supported, research will be initiated and follow-up proposals will be made; if opposed, work on L2 quantum resistance will continue. Regardless of the final path, STRK will continue to be used, no new tokens will be issued, and the Ethereum cross-chain bridge will remain open. There is no timetable for the transition yet.
StandX announces a gradual shutdown of operations and no token issuance, and will conduct a one-time DUSD airdrop
StandX announced that it will gradually cease operations and has decided not to issue a token, and will conduct a one-time, non-locked DUSD airdrop using remaining project revenue and additional team funds. The platform will stop all yield today, and starting October 20 perpetual contracts will only allow position reduction; on January 15, 2027, all open positions will be closed at the mark price, and on January 31, DUSD redemption and withdrawals will be closed. Airdrop claims will open at 08:00 Beijing time on November 1 and close at 16:00 on December 31.
DeepSeek website and API partially disrupted, official says cause has been identified
According to DeepSeek's official status page, its website and API services experienced partial disruption starting at 08:11 on October 15, involving three components: DeepSeek V4 Pro API, V4.1 Flash API, and Chat services. As of 09:08, the official status update was "identified," indicating that the cause had been found and was being fixed. From 08:11 to 08:14, the status was "investigating." The service is still in a state of "full outage," and no recovery time has been announced.
TSMC insists on holding operational control of chip production in talks with Musk's Terafab cooperation
TSMC is in discussions on cooperation with Musk's Terafab project, but emphasized that it must hold operational control of chip production in any cooperation arrangement. TSMC CEO C.C. Wei said the company must be responsible for fab operations, noting, "We are still in discussions, but the fab must be operated by TSMC." Musk previously said Terafab would be operated entirely by his companies. Neither side disclosed the specific terms of a potential cooperation arrangement. TSMC also said at today's earnings conference that it does not allow customers to sublease capacity.
Cook: Apple Intelligence has been approved in China, with a test version to be launched at the end of October
Apple Executive Chairman Cook revealed in an interview with The Paper in Shanghai that Apple Intelligence has been approved in China. A test version will be available later in October, with the first batch of features including live translation, writing tools, and image removal, while Siri AI is not included.
Upbit will delist Sophon (SOPH) on November 16
Upbit will terminate trading support for Sophon (SOPH) at 14:00 Beijing time on November 16, covering the SOPH/KRW, SOPH/BTC, and SOPH/USDT trading pairs, with unfilled orders uniformly canceled at that time. Upbit said the project has deficiencies in disclosure of major matters, changes to circulation plans, and transparency of related procedures, and the reasons for which it was previously designated a trading caution asset have not been eliminated. Withdrawal support will continue until December 16.
Binance will suspend FIL deposits and withdrawals on October 19 to support the Filecoin network upgrade and hard fork
Binance will suspend Filecoin (FIL) network token deposits and withdrawals starting at 19:59 (UTC+8) on October 19, 2026, to support the network's upgrade and hard fork. The upgrade and hard fork will be executed at block height 6,470,279, expected at 20:59 (UTC+8) on October 19. Related trading will not be affected, and deposits and withdrawals will reopen once the network is stable after the upgrade, with no further announcement.
TSMC chairman: In discussions with Musk, exploring whether TeraFab's idle capacity can be utilized
TSMC's chairman said the company is in discussions with Musk to explore whether TeraFab's idle capacity can be utilized.
Doubao Phone was refused agent operation by 155 apps, including WeChat, Taobao, and Alipay
ByteDance's Doubao Phone Assistant released a "list of apps refusing operation" on October 14. As of 16:00 that day, a total of 155 apps declared that they refuse GUI agent operation on the Doubao phone client, including WeChat, QQ, Taobao, Tmall, Meituan, and Alipay. Among them were 66 apps from Tencent and affiliated applications and 23 from Alibaba and affiliated applications, with Pinduoduo, Xiaohongshu, Zhihu, DeepSeek, and multiple bank apps also on the list. Among the top ten apps by user scale in the first half of the year, only Douyin and JD.com did not explicitly refuse. Previously, Doubao introduced the Screen Automation Operation Declaration Protocol (SAEP), requiring developers to proactively declare refusal within a 30-day public notice period starting September 14; those that did not refuse would be open by default. The Nubia NaviX Ultra equipped with the Doubao Phone Assistant went on sale on September 16.
Apple plans to launch the first batch of Apple Intelligence features in China in DecemberAccording to Bloomberg reporter Mark Gurman, Apple is preparing to launch its first batch of Apple Intelligence features in China through iOS 27.3 in December of this year, after the feature was shelved for years due to regulatory review. The features going live this time are those first introduced in 2024, and do not include the new AI features of iOS 27 in the United States and other regions, nor do they include Siri AI. Gurman said Apple executives are not optimistic about Siri AI launching in China in the near term, but believe the upgraded Apple Intelligence will eventually land in China.
Gamdom attacked, approximately $4.2 million stolen across multiple chains
According to a disclosure by vxdb, gambling platform Gamdom suffered an attack, with funds stolen across multiple chains. Approximately $2.2 million was stolen on EVM chains (ETH, BSC, POL, ARB, OP), $965,000 on Solana, $375,000 on TRON, and $668,000 on BTC, totaling approximately $4.2 million. The data comes from Arkham. Gamdom officially stated that about 24 hours earlier it detected a suspected disk failure on one server, and during the investigation discovered unauthorized connections on an automation server.
Upbit to list PUFFER token on the Korean won market
South Korean crypto exchange Upbit will list the PUFFER token on the Korean won market, with trading starting at 14:00 local time on October 15.
Investment and financing news
Views & Analysis
Hyperliquid founder: Regulatory obligations should be borne by on-chain market operators, not the blockchain
Hyperliquid founder Jeff Yan, in an interview on Bloomberg's "Odd Lots" podcast, proposed that regulatory obligations should be borne by the financial firms operating markets on the Hyperliquid blockchain, not by the blockchain itself. Bloomberg said this distinction would allow Hyperliquid to expand its business to Wall Street without bearing the full compliance burden of a traditional exchange. U.S. regulators are currently considering how to bring offshore trading venues into the domestic financial system.
Google chief scientist warns: If enterprises and governments do not strengthen AI system security protections, it could escalate into a major security incident
Demis Hassabis, chairman of DeepMind and Google's chief scientist, warned at an AI summit that if enterprises and governments do not strengthen AI system security protections, it could escalate into a major security incident next year or in the coming years. He believes that over the past year the AI industry has entered the agent era, with rising potential risks in systems, and this year's AI attack incidents are a signal. He called on the AI industry to draw on experience from high-risk fields such as biology and nuclear technology to establish stricter security safeguard mechanisms, emphasized international cooperation, and proposed that it is necessary to establish an international standards body to set safety specifications for AI systems.
Arthur Hayes: Expects trillions of dollars in bailouts eventually, bullish on BTC and ETH
Arthur Hayes said on X that he is unsure whether AI-related assets will see a major decline, is unwilling to bet on their direction, and prefers to trade around the expectation that trillions of dollars in bailouts will eventually occur, expressing a bullish stance on BTC and ETH.
Vitalik: The zkEVM speed war has been won, the top priority should shift to security
Vitalik Buterin posted congratulations to the zkSync airbender team on reaching a milestone, saying the zkEVM "speed war" has been completely won and the top priority should shift entirely to security. He believes three things need to be formally verified: the equivalence between arithmetization and the Ethereum specification; a strict maximum upper bound on the ratio of verification cost to the amount of Gas in a block; and the security of the proof system itself.
Important Data
DeepSeek web and API largely restored after about five hours of outage
DeepSeek's official status page shows the system is now operating normally. Its web, App, and API interfaces experienced a large-scale outage on the morning of October 15, with user commands continuously spinning, frequent "server busy" pop-ups, and some conversations interrupted, with the failure lasting about five hours. Since 2026, DeepSeek has experienced at least 18 large-scale service anomalies, including an outage of more than 12 hours at the end of March.
Nikkei 225 fell 4.9% today, South Korea's KOSPI closed down 7.56%
The Nikkei 225 (Thursday) closed down 3,318.34 points, or 4.90%, at 64,425.95. South Korea's KOSPI closed down 454.54 points, or 7.56%, at 5,554.27, after falling more than 9% at one point during the session, triggering the circuit breaker mechanism for the tenth time this year. South Korean financial regulators held an emergency meeting on the stock market at midday, after which the decline narrowed somewhat. SK Hynix preliminarily closed down 11.06%, and Samsung Electronics fell 9.48%.
Bitcoin spot ETFs saw total net outflows of $261 million yesterday, with Fidelity's FBTC leading with $153 million in net outflows
According to SoSoValue data, Bitcoin spot ETFs saw total net outflows of $261 million yesterday (U.S. Eastern Time October 14). The largest net inflow was Bitwise ETF BITB ($2.2154 million in net inflows, with cumulative historical net inflows of $2.048 billion); the largest net outflow was Fidelity FBTC ($153 million in net outflows, with cumulative historical net inflows of $10.466 billion). Total ETF net asset value was $104.828 billion, net asset ratio 6.38%, and cumulative historical net inflows $56.956 billion.
A whale sold 6.76 million BTW too early, missing out on $13.5 million in gains
According to Lookonchain monitoring, the whale at address 0x68Ef cumulatively claimed 6.76 million $BTW tokens but sold them too early for about $85,000. At current prices, these tokens are worth about $13.5 million, and the address missed out on more than $13 million in potential gains by exiting early.
Arthur Hayes spent $888,000 buying AERO, PENDLE, and ZAMA
According to Onchain Lens monitoring, Arthur Hayes bought about $888,000 worth of tokens through FalconX and Flowdesk: 5.466 million AERO (about $459,800), 120,000 PENDLE (about $231,600), and 3 million ZAMA (about $196,700).
Abraxas Capital's two hedge accounts have cumulatively profited over $331 million, holding more than $1.45 billion in short positions
According to Lookonchain monitoring, Abraxas Capital's two hedge accounts on Hyperliquid have cumulatively profited more than $331 million and currently hold a combined short position of more than $1.45 billion.
Crypto market liquidations exceeded $476 million in the past hour, with longs caught in a stampede
According to CoinGlass data, as of 10:35, total contract liquidations across the network in the past hour were $476 million, with long liquidations at $457 million and short liquidations at $18.1968 million, with longs accounting for more than 95%. Binance liquidations were about $292 million, accounting for 62%, Bybit $63.34 million, and Hyperliquid $33.56 million. ETH liquidations were about $199 million and BTC about $110 million, together accounting for more than 60%. BTC traded at about $81,000 (24h -2.58%), and ETH at about $2,362 (24h -5.54%). In the last 24 hours, a total of 174,600 people were liquidated across the network, totaling $922 million, with the largest single liquidation being Binance BTCUSDT worth $12.03 million.
South Korea's KOSPI index plunged 9% intraday, Samsung Electronics fell more than 11%
South Korea's KOSPI index plunged 9.00% intraday, now at 5,467.66. Samsung Electronics fell more than 11%, and SK Hynix fell nearly 12% at one point.
A giant whale sold 1,312 BTC over 4 days to buy 43,000 ETH, with an unrealized loss of $4.15 million
According to on-chain analyst Yu Jin, a giant whale/institution has continued to execute a "sell BTC, buy ETH" operation: over the past day, it sold 237.8 BTC for 19.7 million USDC and bought 7,929 ETH. Over 4 days, it cumulatively sold 1,312.1 BTC, converted into 109.1 million USDC, and bought 43,275 ETH at an average purchase price of $2,521, currently with an unrealized loss of about $4.15 million. The operation path is: BTC on the Bitcoin chain transferred to Hyperliquid and sold for USDC, then withdrawn back to Arbitrum, bridged to Ethereum, and used to buy ETH.
Major coins broadly declined over the past 24 hours, with ETH, DOGE, and BCH falling more than 5%OKX market data shows that mainstream cryptocurrencies generally declined over the past 24 hours: BTC fell 2.84% to 81,455.9 USDT; ETH fell 5.36% to 2,380.69 USDT. Among other major cryptocurrencies, BCH fell 5.46%, DOGE fell 5.03%, OKB fell 4.73%, XRP fell 3.99%, and SOL fell 3.81%.
South Korean stock index opens sharply lower, down more than 5%
South Korea's KOSPI index fell below 6,000 points, down 5.59% intraday. SK Hynix fell more than 7%, and Samsung Electronics fell more than 6%.
Surging AI chip demand drives TSMC's third-quarter net profit up 69%, a record high and above expectations
TSMC announced that, driven by surging global demand for AI processors, third-quarter net profit surged 69% year-on-year, beating market expectations and hitting a record high. Net profit for July to September rose to NT$763.1 billion (about US$23.59 billion), exceeding institutional expectations of NT$746.3 billion. Revenue reached NT$1.494 trillion, up 50.9% year-on-year; earnings per share were NT$29.43; gross margin was 66.4%, and net margin was 51.1%. The 2-nanometer process contributed 8% of wafer revenue, while advanced processes of 7 nanometers and below accounted for 79% of revenue.
A whale's long position of 79,000 ETH is only $60 away from liquidation price, while its separate long position of 1,140 BTC is relatively safe
According to on-chain analyst Yu Jin, after ETH fell below $2,400, a whale/institution holding a long position worth $352 million saw its long position of 79,260 ETH ($187 million) come to within about $60 of its liquidation price, with the liquidation price between $2,290 and $2,301. It also holds a long position of 1,140 BTC ($92.6 million), with a liquidation price of $72,268 to $74,449, which is relatively safe. The whale's overall position is currently showing an unrealized loss of $18.87 million. Previously, in the early hours of October 9, its ETH long position had 28,720 ETH ($69.5 million) forcibly liquidated at $2,420, realizing a loss of $4.48 million, after which it added 10 million USDC in margin to continue opening longs.
South Korea's KOSPI index extends decline to 7%, SK Hynix falls 10%
South Korea's KOSPI index fell 7%. SK Hynix dropped 10%, and Samsung Electronics fell nearly 8%.