StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.
StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs).
AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to drive the token’s listing without delivering sustainable long-term value would ultimately shift costs to users and the community—something he called both irresponsible and against his personal values.
Most of the protocol’s prior revenue has already been returned to users via SIP-2 and SIP-3 subsidies; for this airdrop, in addition to using remaining project treasury funds, he will also contribute personally to give back to the community as much as possible. AG also emphasized that all user funds are safe, and DUSD is fully collateralized. StandX will wind down operations in an orderly manner and will release specific arrangements for fund withdrawals, the airdrop, and service termination.
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Japanese and South Korean stock markets both slumped and closed lower, as South Korea's financial regulatory authorities convened an emergency meeting.
According to Bitget market data, the Nikkei 225 index closed 3,318.34 points lower on Thursday, October 15, down 4.90% to 64,425.95 points. South Korea’s KOSPI index fell 454.54 points on the same day, a 7.56% drop, ending at 5,554.27 points. The benchmark index once plunged more than 9% intraday, triggering a circuit breaker for the 10th time this year. South Korea’s financial regulators convened an emergency meeting on the stock market in the afternoon, after which the market’s decline narrowed. SK Hynix closed down 11.06%, while Samsung Electronics fell 9.48%.
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TSMC's Q3 revenue and net profit both hit record highs, with TSM shares seeing a 1.4% short-term rebound.
TSMC released its third-quarter financial results, reporting revenue of $46.72 billion, up 41.2% year-over-year; net profit attributable to shareholders reached NT$763.06 billion, up 68.7% YoY, both hitting all-time highs. Earnings per share (EPS) stood at NT$29.43, with a gross margin of 66.4%. Despite the strong performance, TSM’s rebound remained relatively modest. According to TradingBeats’ monitoring, TSM perpetual contracts on Hyperliquid rose from around $422.32 at 14:00 to $428.23 by 14:08 following the earnings release, marking a short-term rebound of roughly 1.4%, though the 24-hour decline still stood at 3.57%. Large long positions established earlier have not turned profitable overall amid the rebound. Among accounts holding over $100,000, 10 long positions total approximately $2.7745 million, with a weighted average entry price of $433.94, resulting in an overall unrealized loss of around $37,000; on the other side, 7 short positions total roughly $3.625 million, with a weighted average entry price of $436.52.
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OpenAI 28-Day Sprint Day 10: No Way Out, Third Quota Reset in 5 Days
Beating AI Express: OpenAI Product and Platform Head Tibo Sottiaux announced the 28-day product sprint is now at Day 10, with another global quota reset set for today. He joked that rumors he "lost the reset button" are overblown, noting the reset is expected to take effect within two hours of posting (it is already live). OpenAI had already rolled out two separate global resets on Day 6 and Day 8. Counting today, three such resets have been announced in just five days, indicating OpenAI is truly at a loss.
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Huobi HTX Updates October Merkle Tree Reserve Proof: Reserve Ratios for Mainstream Assets Remain Consistently Above 100%
According to Huobi HTX’s latest Merkle Tree Proof of Reserves (PoR) data, as of October 1, 2026 (UTC+8), the reserve ratios for all major assets on the platform remain above 100%. The platform maintains sufficient reserves to protect user assets and commits to 100% redemption, ensuring users can trade and withdraw funds at any time. As one of the earliest platforms in the industry to continuously disclose Merkle Tree PoR, Huobi HTX has publicly released PoR data to the market for 48 consecutive months, enhancing platform transparency in a long-term, verifiable manner. The updated reserve ratios for this round are: BTC (104%), ETH (102%), TRX (108%), USDs (104%), HTX (103%), XRP (105%), DOGE (102%), SOL (109%). Users can access the "Assets - Proof of Reserves Report" page on Huobi HTX’s official website to view the details. Since April this year, to further improve the intuitiveness of displaying USD-denominated asset reserve data, Huobi HTX has aggregated USD stablecoins such as USDT and USDC into "USDs" for presentation, while asset data for each individual token remains independently recorded and verified, ensuring reserve information is authentic, clear, and traceable.
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