7:00-12:00 Keywords: Shanghai Composite Index, Gold, Encryption Legislation 1. The Shanghai Composite Index once again stood at 4000 points in ten years; 2. Hong Kong stocks and gold stocks opened lower, and China Gold International fell 3.3%; 3. Institutions: The combination of Federal Reserve interest rate cuts and shrinking the balance sheet may boost market risk appetite; 4. Spot gold fell US$14 in the short term, with the latest reported US$3,983.37 per ounce; 5. South Korea's National Assembly proposed for the first time a bill to include stable currencies in the supervision of the Foreign Exchange Trading Law; 6. GalaxyDigital's share price plummeted after it announced the sale of US$1 billion in convertible bonds; 7. Kyrgyzstan announced that it would allow banks and financial institutions to hold bitcoin and cryptocurrencies; 8. U.S. Senator: Congress needs to pass crypto legislation before January or February next year, otherwise elections will hinder the process.

According to Internet reports, Musk's online encyclopedia "Grokipedia" website was launched on Monday, which aims to create a Wikipedia-like platform. The name of this website comes from the AI engine "Grok" developed by Musk's xAI company. Currently, the platform has more than 800,000 entries written by artificial intelligence. According to reports, the number of Wikipedia entries is close to 8 million. (Jin Shi)

According to online reports, the Shanghai Composite Index turned red, reaching the 4000-point mark and continuing to hit a ten-year high. The Shenzhen Composite Index rose 0.2%, and the GEM Index rose 0.7%. More than 2900 stocks in the entire market rose, with the Fujian sector leading the gains.

Internet reports that according to TraderT monitoring, the net inflow of the U.S. spot Ethereum ETF yesterday was US$133.25 million.

21:00-7:00 Keywords: U.S. stocks, interest rate cuts, and Mercor 1. The three major U.S. stock indexes all continue to hit new highs; 2. Gray Solana Trust ETF is scheduled to be listed on October 29; 3. Bitwise confirmed that its Solana Pledged ETF will open tonight, code BSOL; 4. The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 97.3%; 5. Canary Capital confirmed that its LTC and HBAR ETFs will open on Nasdaq tonight; 6. AI startup Mercor raised US$350 million at a valuation of US$10 billion.

According to online reports, Mercor said in a blog post that the financing raised a total of US$350 million, led by Felicis-the institution had also previously led Mercor's US$100 million Series B financing; in addition, Benchmark, General Catalyst and new investor Robinhood Ventures also participated in this round of financing. The new financing will be used in three core areas: expanding the company's talent network, upgrading the matching system for "experts and training opportunities", and increasing the speed of service delivery.

According to online reports, ETHZilla Corporation (NASDAQ: ETHZ) announced that the company has sold approximately US$40 million in Ethereum (ETH) for stock repurchase. Since the sale was implemented on October 24, the company has purchased approximately 600,000 shares of common stock for approximately US$12 million, and plans to use the remaining funds to continue to repurchase shares. The company still holds approximately US$400 million in ETH for future strategic layout.

According to online reports, the three major U.S. stock indexes collectively closed up, continuing to hit new highs. The Nasdaq rose 1.86%, the S & P 500 rose 1.23%, and the Dow rose 0.71%. Qualcomm rose more than 11%, setting a new high since July 2024; the company launched artificial intelligence chips to compete with Nvidia in the data center market. Tesla rose more than 4%, Google and Intel rose more than 3%, Apple and Nvidia rose more than 2%, Amazon and Meta rose more than 1%, and Netflix fell slightly. Among them, Apple and Google both hit new highs, and Apple's total market value is close to US$4 trillion.

According to Internet reports, according to Whale Alert monitoring, USDC Treasury has cast a total of 750 million new USDC units in three batches in the past three hours.

On October 27, it was reported that Hong Kong's first Solana spot ETF, China Solana ETF, was officially listed on the Hong Kong Stock Exchange, becoming the third type of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission after Bitcoin and Ethereum. According to SoValue data, the trading volume on the first day of listing was 11.39 million Hong Kong dollars, and the total net asset value was 21.29 million Hong Kong dollars, approximately 13461 SOL. The Hong Kong dollar counter closed at a discount of-0.60%, indicating strong selling. From the perspective of first-day turnover, it was about half of the revenue from the listing of the Ethereum Spot ETF in Hong Kong on April 30, 2024 (three products were listed at the same time at that time). China Solana ETF was issued by China Asset Management (Hong Kong) and was approved by the Hong Kong Securities and Futures Commission on October 22. Its characteristics include: supporting cash or physical redemption, not supporting Solana to provide additional income through pledge, a management fee rate of 0.99%, and multi-currency transactions: supporting Hong Kong dollar (code 3460), RMB (code 83460), and US dollar transactions (code 9460).

Analysts at research firm Wrightson predicted that the Federal Reserve may be ready to announce an end to balance sheet shrinkage this week, according to online reports. Recent developments in the overnight lending market suggest that financing conditions have tightened and bank reserves have fallen to levels close to what is considered balanced. Wrightson's team said the Fed's action this week would be a prudent move to avoid putting too much pressure on money markets. "Even if the Fed believes the supply of reserves is still reasonably sufficient, we doubt the FOMC will ignore the repeated warning signs in the federal funds rate in recent weeks," they noted.

According to online reports, Bloomberg ETF analyst Eric Balchunas posted on social media that Canary Capital has just submitted Form 8-A for LTC and HBAR, adding two more cryptocurrency ETF applicants after Bitwise submitted an application for Solana. Market rumors suggest that these ETFs, including the Gray Solana Trust Conversion, could be launched this week despite the government shutdown. Although it has not yet been finalized, relevant preparatory work has been significantly advanced and deserves continued attention. It was previously reported that Bitwise CEO Hunter Horsley posted a "Big week" earlier today, and the tweet was immediately responded to by Solana's official account.

According to online reports, Morgan Stanley strategists predict that the US dollar will depreciate next year as the Federal Reserve may cut interest rates more than the European Central Bank. Slowing U.S. economic growth, trade policy uncertainty and limited fiscal support will further suppress the performance of the U.S. dollar, while easing global fiscal concerns will also weaken the U.S. dollar's safe-haven appeal.

According to online reports, according to an official announcement, Coinbase Markets announced today that it will add deBridge (DBR) tokens to the upper line roadmap.

Internet reports that Argentina's main stock index rose 20%. In the news, Argentine President Millay's party won the country's midterm elections.

According to online reports, on the basis of extensive soliciting opinions from all parties, the China Securities Regulatory Commission studied and drafted "Several Opinions on Strengthening the Protection of Small and Medium Investors in the Capital Market", which was officially released today. In accordance with the idea of "addressing core concerns, striving to be pragmatic and effective, and being well-founded in the law", the "Several Opinions" focus on key issues of concern to small and medium investors, focusing on strengthening the protection of small and medium investors in the process of issuance and listing, and creating fairness that is beneficial to small and medium investors. The institutional environment for trading, consolidating the protection responsibilities of small and medium investors in operating institutions, severely cracking down on illegal activities that infringe on the interests of small and medium investors, and further promoting the construction of a diversified resolution mechanism for securities and futures disputes. Twenty-three specific measures were proposed in eight aspects: better leveraging the functions of investor protection agencies, improving the protection system and mechanism for small and medium-sized investors during the termination of listing, and strengthening the legal protection for the protection of small and medium-sized investors. Relevant measures are conducive to improving the investor protection mechanism, enhancing the inherent stability of the capital market, effectively protecting the legitimate rights and interests of small and medium investors, and effectively boosting market confidence.

According to online reports, Strategy(MSTR.O) acquired 390 BTC units for approximately US$43.4 million from October 20 to October 26, at a price of approximately US$111,053 per Bitcoin, and achieved a 26.0% BTC yield so far in 2025. As of October 26, 2025, Strategy held 640,808 BTC, acquired it for approximately US$47.44 billion, at a price of approximately US$74,032 per Bitcoin.

Internet reports, Philippine central bank officials: Now is the time to take profits on gold. The central bank of the Philippines should sell some of its "excess" gold reserves as gold prices are expected to fall further from record highs as demand for safe-haven weakens.

Online reports that Binance Alpha will launch Common (COMMON) at 20:00 (UTC+8) on October 27, 2025. Eligible Binance users can use Binance Alpha points to claim 1,140 COMMON token airdrops within 24 hours after the transaction starts on the Alpha activity page. Binance Alpha Airdrop will be issued in two phases: Phase 1 (first 18 hours): Users holding at least 255 Alpha points can apply. Phase 2 (last 6 hours): Users holding at least 235 Alpha points can participate in the second phase of airdrop on a first-come, first-served basis. If the activity has not ended, the score threshold will automatically decrease by 15 points per hour. Please note that applying for an airdrop will cost 15 Binance Alpha points. Users need to confirm their application within 24 hours on the Alpha event page, otherwise they will be deemed to have given up receiving the airdrop.

According to online reports, according to monitoring by online analyst EmberCN (@JamesWynnReal), a rolling trader who had previously issued multiple bitcoin orders worth US$1.23 billion at the end of May, received a rebate income of 1,854 USDC 25 minutes ago, and then short 0.95 bitcoins at US$116,026, worth approximately US$111,000. According to monitoring, after James Wynn lost US$108 million in June (including US$87 million in profit and US$21.77 million in principal), he currently mainly uses commission income for small transactions.

Internet reports that U.S. President Trump has ruled out running as a vice presidential candidate in the 2028 election, and some of his supporters have urged him to try to circumvent the constitutional rule that a presidential term cannot exceed two terms. "It's so cute," Trump told reporters on Air Force One on Monday, saying he had ruled out that possibility.

According to online reports, according to online analyst OnchainLens (@OnchainLens), a newly created wallet once again withdrew 490,188 LINK tokens from Binance, worth approximately US$9 million. The wallet currently holds 771,095 LINKS with a total value of approximately US$14 million, and is expected to continue withdrawal operations.