PA Daily | OpenAI Releases GPT-6.1 Terra, API Prices Cut by 50%; Anthropic Files for Nasdaq Listing with Code 'ANT'

Today's Key News:

CFTC Chair: Advancing Voluntary Federal Registration Path for Crypto Exchanges

Anthropic Files S-1 for Nasdaq Listing under Code 'ANT'

OpenAI Releases GPT-6.1 Terra, API Prices Cut by 50%

Ethereum Fixes Glamsterdam Vulnerability to Prevent Staking Deposits from Being Miscredited to Builder Accounts

Hong Kong Crypto Payment Card Company Redotpay Plans to Secretly Submit IPO Application by Year-End

Zhao Changpeng: Crypto Assets Will Become AI Native Currency, Hopes BNB Chain Becomes Major Network

Evernorth Plans to Raise Approximately $80.7 Million through Cantor Equity Financing Arrangement, Funds to be Used for Purchasing XRP

Bitmine Increases ETH Holdings to 6.05 Million, Repurchased 2.04 Million Shares Last Week

Regulation & Macro

Ripple National Trust Bank Receives Final Approval from U.S. OCC to Support RLUSD and Corporate Digital Asset Custody Services

Ripple CEO Brad Garlinghouse announced that the U.S. Office of the Comptroller of the Currency (OCC) has granted final approval to Ripple National Trust Bank. This will provide Ripple with a federally regulated platform to support RLUSD and offer digital asset custody services for enterprises.

CFTC Chair: Advancing Voluntary Federal Registration Path for Crypto Exchanges

CFTC Chair Mike Selig stated that while Congress has not yet acted on related legislation, the CFTC is advancing a voluntary federal registration path for cryptocurrency exchanges, bringing them closer to U.S. market regulatory standards. Selig indicated that the crypto market should be subject to the same protective mechanisms as the U.S. derivatives market.

Project Updates

OpenAI Announces Three New AI Scientific Discoveries, Claims to Have Disproven Exponential Time Hypothesis

According to an official announcement from OpenAI, its internal models have achieved three new discoveries in the fields of mathematics, computer science, and physics. The model has proven that the Exponential Time Hypothesis (ETH), used as a premise for computational difficulty in hundreds of papers, is false, with results verified through Lean formalization and will be checked by a group led by Russell Impagliazzo, Ramamohan Paturi, and MIT Professor Ryan Williams. The model also proved the local smoothness conjecture in arbitrary dimensions, resolving the Kakeya conjecture and Stein's restriction conjecture; in physics, it provided strict existence proofs for four-dimensional quantum field theories, including quantum chromodynamics, and for the existence of pure Yang-Mills theory related to the Millennium Prize Problems, to be verified by a group led by Nobel laureate David Gross. These results await independent verification.

OpenAI Releases GPT-6.1 Terra, API Prices Cut by 50%

OpenAI posted on the X platform that it has launched GPT-6.1 Terra, which focuses on computer operation capabilities, able to understand screen content and perform operations across applications. Compared to GPT-5.6 Terra, the standard API price for the new model has been reduced by 50%; in the Agents' Last Exam test measuring the ability of agents to use office software, its performance is comparable to GPT-6 Astra, but the price per token is only one-tenth of the latter, with an average task completion speed more than three times that of GPT-6 Astra and GPT-6.1 Sol. GPT-6.1 Terra is now available to ChatGPT Work and Codex Plus, Pro, Enterprise, and Edu users, and developers can also access it via API.

Ethereum Fixes Glamsterdam Vulnerability to Prevent Staking Deposits from Being Miscredited to Builder Accounts

Ethereum developers have fixed a vulnerability in the Glamsterdam upgrade that could allow operators to withdraw ETH intended for new validators from staking services. The fix changed the rules for handling validator deposits and was merged on Monday. Researcher avsetsin discovered that if an operator registered as a builder with a specific public key first, and the staking service subsequently deposited ETH using the same key to start a validator, the draft rules would credit both deposits to the builder. This was termed a conditional code discovery, not a confirmed real-time exploit, and existing checks can prevent attacks, with no loss reports currently. The new rules treat deposits as sorted by withdrawal receipts, ensuring that validator deposits still belong to the validators. Glamsterdam has been running on the Sepolia testnet, but the launch on the Hoodi testnet scheduled for October 26 has been postponed, with a new date to be determined before the mainnet launch.

Upbit to List NIL Token on KRW Market

According to an official announcement, South Korean crypto exchange Upbit will list NIL token on the KRW market.

Binance to Remove Multiple Spot Trading Pairs Including AAVE/BTC and ATOM/BTC on October 30

According to Binance's official announcement, based on recent review results, Binance will remove and cease trading for the following spot trading pairs on October 30, 2026, at 11:00 AM (UTC+8): AAVE/BTC, ATOM/BTC, CAKE/BTC, DASH/BTC, ETC/BTC, ICP/BTC, PENDLE/BTC, RENDER/BTC, TAO/BTC, THETA/BTC, XAUT/BTC, and XTZ/BTC. The spot trading bot services for these trading pairs will also be terminated simultaneously, and users are advised to update or cancel in advance. Binance stated that the removal of spot trading pairs does not affect the availability of tokens on Binance spot, and users can still trade related tokens through other trading pairs.

NBA Partners with Kalshi and Polymarket, Officially Enters Prediction Markets

According to an official announcement from the NBA, the NBA has designated Kalshi and Polymarket as the league's "preferred prediction market exchanges," granting them rights to use NBA intellectual property, marketing rights in the U.S., and official data provided by Sportradar for the operation and settlement of NBA-related markets; DraftKings has expanded its partnership to become an "authorized prediction market operator." The NBA has also signed a memorandum of understanding with the U.S. Commodity Futures Trading Commission (CFTC) to collaborate on cooperation and information sharing, establishing a framework of integrity that includes restrictions on the range of tradable markets, prohibiting league and team personnel from trading NBA event contracts, and sharing information on investigations and suspicious transactions. The NBA indicated that more authorized prediction market operators will be added in the coming weeks.

Former Discord Product Head Peter Sellis Joins X to Lead Product Department

Former Discord product head and Snapchat's first product manager Peter Sellis announced he is joining Elon Musk's social media platform X to lead the product department. Peter Sellis stated that he strongly resonates with SpaceX's mission to extend human consciousness to the stars and said it is time to make "shitposting" multi-planetary. Previously, it was reported that former X product head Nikita Bier announced in August this year that he would step down from the product leadership role to become an advisor, during which time X saw significant growth in new users and user engagement.

Aviva Investors Launches Tokenized Shares of GBP Liquidity Fund on XRPL, Secures £50 Million Investment

According to an official announcement from Ripple, Aviva Investors has launched a category of tokenized shares for its GBP liquidity fund on the XRP Ledger (XRPL), with Aviva investing £50 million (approximately $66 million). The overall asset management scale of the fund is about £22 billion, not including the scale of this on-chain launch. Following the launch of the tokenized shares of the USD liquidity fund in July, the total investment in the two categories of tokenized shares has exceeded £86 million (approximately $116 million). The new shares adopt a "digital twin" model, representing holdings on-chain while retaining the original off-chain fund structure, investment objectives, risk characteristics, liquidity, and regulatory protections. Qualified investors holding digital wallets can participate, with the fund's assets still custodied by BNY Mellon, while Komainu and Licuido provide digital asset custody and tokenization infrastructure support, respectively.

Coinbase to Launch Spot Trading for Ritual (RITUAL)

Coinbase will launch spot trading for Ritual (RITUAL) on October 26. If liquidity conditions are met, the RITUAL-USD trading pair will open later that day, limited to supported trading regions.

Blast Withdrawal Interface Deadline, Approximately $40.4 Million Remains Unwithdrawn in Cross-Chain Bridge

According to The Defiant, the official withdrawal interface for Blast has expired as of October 26, and approximately $40.4 million in assets remain unwithdrawn in its official cross-chain bridge. After this, users will need to interact directly with Blast's cross-chain bridge contract on Ethereum to withdraw, and related operations still require submitting cryptographic proof and waiting one day; USDB withdrawals also require separately claiming DAI. Blast has released a withdrawal guide at the contract level. Previously, Blast announced in early October that it would gradually shut down the network due to operational costs exceeding L2 revenue and advised users to transfer assets to the Ethereum mainnet by October 26.

Akash Initiates Governance Vote to Migrate Network from Cosmos to Solana

According to an official announcement from Akash Network, the decentralized cloud computing network Akash has initiated Governance Proposal No. 346, proposing to migrate the network from the Cosmos sovereign chain akashnet-2 to the Solana mainnet. Voting will start at 23:02 Beijing time on October 26 and end at 23:02 on November 2, with approximately 98.29% in favor. According to the proposal, if passed and the token and migration portal audits are completed (expected to take 2 to 3 weeks), AKT will launch on Solana in SPL token form, migrating at a 1:1 ratio while retaining the token code, with a one-way migration portal open for 2 years, and staked AKT must be unstaked (21 days) before migration. The proposal does not set a switch date, and market migration will require a separate switch proposal. Akash stated that the choice of Solana is primarily based on considerations of operational costs, the absence of a single operator, and the aggregation of the DePIN ecosystem.

Keystone Updates on Security Incident Handling Progress: 18,835 Old Key Devices to be Destroyed, Customer Information Retention Period Shortened to 90 Days

Hardware wallet manufacturer Keystone released an update on the progress of its security incident handling, disclosing that the incident involved 25,964 records of buyers containing personal information, and the device verification keys obtained by attackers may have been used to manufacture counterfeit devices that could pass verification on the official website. Keystone will cease using old keys, destroy 18,835 devices using old keys in stock, and suspend the delivery of unshipped orders on the official website until devices using new keys are produced and shipping resumes, while shortening the retention period for customer personal information from 180 days to 90 days. Keystone reminds that devices received after October 20 that use old verification keys, even if verified through the official website, cannot completely rule out the risk of counterfeiting, and users should contact customer service for further verification.

Investment and Financing News

Hong Kong Crypto Payment Card Company Redotpay Plans to Secretly Submit IPO Application by Year-End

According to Bloomberg, Hong Kong-based crypto payment card company Redotpay is considering a confidential IPO filing in the U.S. by the end of the year. The company is also in discussions with investors regarding potential Pre-IPO financing, with a valuation possibly reaching $4 to $5 billion. Founded in 2023, Redotpay offers physical and virtual cards for cryptocurrency transactions, focusing on stablecoins. Insiders report that it has over 9 million customers and 280 employees, with an annualized revenue exceeding $180 million. Revenue for the first three quarters of 2026 is expected to grow by over 50% year-on-year, with an operating profit margin exceeding 50%. The company is working with JPMorgan, Goldman Sachs, Jefferies, and Barclays to advance the IPO, aiming for a valuation of at least $5 billion, and has not responded to requests for comment. It raised $194 million in financing in 2025, with investors including Coinbase and Circle's venture capital arm.

Foreign Media: Anthropic to Release S-1 Document at 21:00

Intel Agrees to Acquire Startup Classiq to Build Full-Stack Quantum Business

According to Zhito Finance, Intel has agreed to acquire Israeli quantum computing startup Classiq Technologies, with the price undisclosed and expected to close in the first half of 2027. Classiq's clients include BMW and AT&T, and its technology helps customers write code that can be tested and run on any type of quantum hardware. Intel CEO Pat Gelsinger stated that partnering with Classiq will transform Intel's quantum computing division into a full-stack quantum computing enterprise. Classiq has raised over $200 million and has about 130 employees, and will continue to help customers develop code that runs on various types of quantum hardware, including competitors' hardware. Intel has been working for over a decade to leverage its silicon manufacturing advantages into a position in quantum computing, focusing on spin qubit technology.

SpaceX Signs Binding Master Financing Lease Commitment with Apollo Global Management

U.S. SEC documents show that SpaceX has signed a binding master financing lease commitment with Apollo Global Management. Apollo will purchase GPU clusters and related equipment and lease them to SpaceX, with total principal payments under the lease arrangement expected to reach $40 billion, starting when GPUs are delivered in the first half of 2027. SpaceX's lease transaction is expected to be completed by the end of 2026, with batch terms of about 5 to 5.25 years.

Evernorth Plans to Raise Approximately $80.7 Million Through Cantor Equity Financing Arrangement, Funds to Include XRP Purchases

According to CoinDesk, XRP treasury company Evernorth plans to raise approximately $80.7 million through a committed equity financing arrangement with a Cantor Fitzgerald affiliate, with funds intended for general corporate purposes, including purchasing XRP. The company currently holds about 473 million XRP. SEC documents submitted by Evernorth on October 23 indicate that the company has the right to sell up to approximately 5.219 million newly issued common shares to CF Principal Investments in batches upon meeting certain conditions; based on the closing price of $15.46 per share on October 22, this corresponds to approximately $80.7 million, with the actual financing amount depending on the number of shares sold and the transaction price, and not yet completed financing or coin purchases.

Anthropic Publicly Submits S-1 Document, Plans to List on NASDAQ Under Code "ANT"

U.S. SEC documents show that AI company Anthropic, PBC has publicly submitted an S-1 registration document, applying for its Class A common stock to be listed on the NASDAQ Global Select Market under the ticker "ANT," with Goldman Sachs and Morgan Stanley among the leading underwriters. The document has not yet disclosed the number of shares to be issued or the price range. Financial data shows that Anthropic's revenue for 2025 is projected to be $4.585 billion, with $386 million for 2024; revenue for the first half of 2026 is projected to be $16.286 billion, compared to $1.163 billion in the same period last year. The net loss for the first half of 2026 is projected to be $80.748 billion, with losses from convertible notes, derivative liabilities, and changes in the fair value of SAFE totaling $72.388 billion.

Anthropic Establishes Long-Term Benefit Trust and Plans to Create Class T Special Stock for Class T Directors

Anthropic has established a long-term benefit trust and plans to create Class T special stock for Class T directors; the company previously repurchased about 4.5 million Series B preferred shares in October 2025. The board has approved a framework that allows for the issuance of up to 2% of total equity in N-class shares to a public welfare fund whenever the stock price rises by 50%; co-founders have each committed to using 80% of their personal equity for charitable purposes. According to Broadcom's leasing arrangement, the total rent paid during the lease term (excluding interest) is approximately $161.2 billion, and the company expects that computing and infrastructure costs will increase and remain the largest operating expense in the future, with up to approximately $114.5 billion to be spent on Google before 2033. Risk factors mention concerns that advanced AI systems could pose catastrophic or existential risks to humanity if proper regulation is lacking.

Views & Analysis

Zhao Changpeng: Crypto Assets Will Become AI Native Currency, Hopes BNB Chain Will Become Major Network

According to The Block, Binance founder Zhao Changpeng stated at a media briefing after the BNB Standard NASDAQ bell-ringing ceremony that crypto assets will become "the native currency of AI." He mentioned that AI could use Bitcoin, existing stablecoins, or tokens issued by AI companies in the future, but hopes that BNB Chain will become one of the major networks, emphasizing that this still requires development. Zhao also mentioned that he discussed tokens linked to computing power resources earlier that day and hopes to introduce them to BNB Chain, but did not disclose details. He also noted that crypto payments remain inconvenient for ordinary users and suggested that startups focus on underserved markets and remittance routes rather than directly competing with U.S. Apple Pay or Google Pay.

Important Data

Nasdaq Up 1.3%, AI-Related Stocks Rise, NVIDIA Up 3.1%

Binance market data shows that U.S. stocks continue to rise, with the S&P 500 index increasing by 1%, Nasdaq up 1.3%, and the Philadelphia Semiconductor Index up 3%. Following Anthropic's IPO application, AI-related stocks rose, with NVIDIA up 3.1%, Microsoft up 1.1%, Amazon up 1%, Broadcom up 2.8%, Micron Technology up 3.5%, and SpaceX up 1.4%.

Bitcoin Spot ETF Saw Total Net Inflow of $110 Million Yesterday, Only BlackRock IBIT Saw Net Inflow

According to SoSoValue data, the total net inflow for Bitcoin spot ETFs was $110 million on October 26, with only BlackRock's IBIT seeing a net inflow of $110 million, bringing its historical total net inflow to $66.244 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $10.284 billion, with the ETF net asset ratio (market value as a percentage of total Bitcoin market value) reaching 6.41%, and the historical cumulative net inflow has reached $57.293 billion.

U.S. Pre-Market News Overview: Meta Seeks Up to $95 Billion in Equity Financing to Support AI Spending

According to Caixin News, the three major U.S. stock index futures rose collectively before the market: Dow futures rose 0.46%, S&P 500 futures rose 0.42%, and Nasdaq 100 futures rose 0.73%. Musk stated that SpaceX has completed $40 billion in debt financing, primarily for the procurement of NVIDIA GPUs, with equipment expected to be delivered in the first and second quarters of 2027. Meta plans to raise $35 billion and launch a $60 billion stock issuance plan to enhance AI infrastructure, with NVIDIA, AMD, and Broadcom expressing interest in collectively subscribing for up to $5 billion in Class A common stock. Apple has raised its order for the foldable iPhone Duo by 30%, with annual shipment expectations increased to 8 to 10 million units. The UK will invest £100 million to establish a national-level AI biosafety laboratory, supported by OpenAI, Anthropic, and Google DeepMind.

Suspected Address Linked to Sun Yuchen Increases Holdings by $20.32 Million in PEPE, Total Holdings Floating Profit of $2.085 Million

According to on-chain analyst Ai Yi's monitoring, the address marked as linked to Sun Yuchen by Arkham, 0x721...E5991, withdrew 46.5 trillion PEPE (approximately $20.32 million) from Poloniex 10 hours ago. Since October 17, this address has transferred out a total of $48.76 million in PEPE and currently holds 118 trillion PEPE, with an average withdrawal price of $0.000004114, yielding a floating profit of $2.085 million.

Brother Ma's ETH Long Position on the Brink of Liquidation: Only 68 ETH Left, Liquidation Price Approaching Current Market Price

According to on-chain data monitoring, due to the volatility in the crypto market, Brother Ma Huang Licheng's 25x Ethereum long position faced another liquidation this morning, currently holding only 68 ETH, valued at approximately $157,000, with a liquidation price of $2,290. Based on the current Ethereum price of $2,320, the liquidation price is only $30 away.

Two Whales Silent for Three Years Deposited 2,571 BTC to Coinbase Prime 10 Hours Ago, Worth Over $200 Million

Huang Licheng has lost all funds on Papertrade, with only $4,517 left in his Hyperliquid account.

According to Lookonchain monitoring, Huang Licheng (@machibigbrother) has lost all funds on Papertrade, with only $4,517.7 left in his Hyperliquid account. An hour ago, he suffered another loss selling Mutant Ape to raise funds for continued trading.

Circle Has Minted 112 Billion USDC on Solana This Year, Nearly Double Last Year’s Total

According to Onchain Lens statistics, Circle has minted 112.01 billion USDC on Solana through 448 transactions from January 1 to October 26, nearly double the total of 56.25 billion for the entire year of 2025. On October 26 alone, Circle minted a total of 500 million USDC through two transactions of 250 million each. Monthly data shows that the minting volume for each month in 2026 has exceeded the strongest November of 2025 (approximately $8.25 billion); September saw 13.5 billion minted, setting a record for the highest monthly total in 2026, and October has reached 13.25 billion as of the 26th. It should be noted that the 112.01 billion minted is the total minting amount of USDC, not the net supply increase, and a complete assessment requires analyzing destruction, redemption, and changes in outstanding supply.

Three Related Wallets Transferred a Total of 482,200 SOL for Sale in the Past Three Days, Deposited 171,400 SOL to Exchanges

According to Lookonchain monitoring, three wallets possibly belonging to the same whale transferred a total of 482,228 SOL (worth $49.17 million) for sale in the past three days, with 171,430 SOL (worth $17.3 million) deposited to exchanges.

Ethereum ICO Ancient Whale Transfers 3,000 ETH to Exchanges Again, Still Holds 47,000 ETH

According to on-chain analyst Ai Yi's monitoring, the ancient whale that subscribed for 100,000 ETH during the 2015 ICO continues to sell, transferring 3,000 ETH (worth $6.94 million) to exchanges in the past 24 hours. Its cost was as low as $0.31, and if sold, the return rate would reach 746,324%. Currently, there are still 47,000 ETH (worth $109 million) remaining on-chain. Last night, it transferred over $100 million in stablecoins to major exchanges, market makers, and OTC institutions, with unknown purposes.

MARA Holdings Sold 1,000 BTC 6 Hours Ago, Worth Approximately $80.19 Million

According to Lookonchain monitoring, Bitcoin mining company MARA Holdings sold 1,000 BTC 6 hours ago, worth approximately $80.19 million.

According to PR Newswire, Bitmine (BMNR), an Ethereum treasury company, announced that as of October 25, it holds 6,051,933 ETH, accounting for 4.95% of the total ETH supply, having increased its holdings by 10,452 ETH over the past week. The company's total crypto assets, cash, and securities, along with its "moonshot" investments, amount to approximately $15 billion, which includes 215 BTC and $514 million in cash and securities. Bitmine repurchased 2.04 million shares at an average price of $22.48 over the past week, bringing the total repurchased shares to 22.9 million since 2026, totaling $399.6 million. Currently, it has staked 5,227,037 ETH, valued at approximately $12.3 billion based on a price of $2,356 per ETH.

Yushu Technology Issues Announcement on Abnormal Fluctuations: Rolling P/E Ratio Reaches 465 Times, Warning of Valuation Reversion Risk

According to the STAR Market Daily, Yushu Technology (688836.SH) announced that its stock price has deviated by more than 30% over three consecutive trading days, indicating abnormal trading fluctuations. As of October 26, the company's rolling P/E ratio stands at 465.22 times, while the average for the general equipment manufacturing industry is 38.54 times. The announcement stated that the humanoid robot industry is in the early stages of commercialization, with uncertainties in technology maturity, downstream demand cultivation, and industrial chain support; the scaling of physical AI technology still faces challenges such as perception accuracy, motion control stability, data accumulation, and hardware-software collaboration. If the industry's commercialization progress falls short of expectations, the company's revenue expansion and performance release may be affected, posing a risk of valuation reversion.

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