The Sui development team has established an AI business unit, with its former CEO transitioning to the role of CTO to lead the AI business.

Argentine dollar stablecoins (including USDT) have posted five consecutive days of price increases. Data from Coinpay shows that as of October 16, the median USDT buy price on Binance’s P2P market climbed to 1,612.6 Argentine pesos, while Argentina’s central bank’s official wholesale exchange rate stands at 1,512.81 pesos, translating to a 6.6% premium — the highest level since August 15. On OKX’s P2P market, USDT traded at an average of around 1,614.15 pesos, with a roughly 6.7% premium. The surge came within a week of Argentine President Javier Milei warning of exchange rate run risks, with Milei noting his administration has set aside $125 billion to prepare for potential financial stress in 2027. A regulatory rule barring investors from selling dollar-denominated MEP securities or purchasing foreign currency-settled securities within 90 days of buying official dollars has driven some users to opt for USDT, attracted by its flexible trading, 24/7 liquidity and convenient cross-border transfers — though this comes with higher premiums. Regionally, as of October 12, Argentina’s digital dollar premium hit 5.9%, ranking second in Latin America, only behind Venezuela’s 15.3%.

Beating AI Express News: Day 12 of OpenAI’s 28-day product sprint, the company today upgraded ChatGPT’s GPT-6 Astra Pro, enabling multiple Agents to handle different parts of a single task simultaneously. Users can view each Agent’s progress separately and access check results for completed tasks. OpenAI added that the new version delivers faster responses and smoother performance when calling plugins and tools. The update is now available to Pro users. Codex and ChatGPT Work have also optimized their quota consumption. OpenAI enabled different sub-Agents to reuse context, extended cache retention time, and improved request distribution to boost cache hit rates. This reduces the overhead of reprocessing identical content, allowing users to accomplish more tasks with their existing subscription quota. Additionally, ChatGPT’s "dot" feature can now be added to iPhone home screens. After updating the app, users can quickly send messages or make calls to the dot via widgets.

Serenity released a statement noting that Dell’s CEO has pointed out that the shortage of memory chips could be a four-year-long issue, as building new factories typically takes around four years, with additional production capacity not expected to come online until 2029 or 2030. He also projected that the tight semiconductor supply-demand balance could further deteriorate by 2027. Serenity believes the current memory chip market has seen rare long-term demand visibility, with Google and other major cloud service providers seeking to extend their long-term purchase agreements (LTAs) to 2035. However, the market has also experienced a sharp pullback due to concerns over the sustainability of AI investments and related financing, creating a scenario where long-term expectations of tight supply and demand coexist with short-term volatility in the sector.

According to Bloomberg, three co-founders of AI cloud computing firm CoreWeave have sold a total of $3.3 billion worth of the company’s stock since CoreWeave’s IPO in March 2025. Amid rising credit risks and growing investor concerns over AI spending, CoreWeave’s stock has seen increased volatility, and the founders’ continuous sell-offs have drawn attention. The three co-founders are Michael Intrator, Brian Venturo, and Brannin McBee. After CoreWeave went public, its stock once rose 359% above the IPO price, hitting a peak about three months after listing, which pushed Intrator’s personal net worth to $11.8 billion, and all three made it into the top 500 of the Bloomberg Billionaires Index. CoreWeave’s stock closed down 11.91% this Friday. Earlier on October 15, NVIDIA CEO Jensen Huang said that the financial situation of CoreWeave, a data center operator, is improving. NVIDIA is CoreWeave’s computing equipment supplier. Huang told attendees at an event in Stockholm: “CoreWeave’s strength is growing every day.” He added that NVIDIA does not see a need to provide financial guarantees for CoreWeave.

Fidelity Digital Assets recently released an analysis noting that the 10-year U.S. Treasury yield has risen to its highest level since Bitcoin’s inception, while the size of U.S. federal debt has surpassed $40 trillion, with interest payments exceeding Medicare to become the second-largest expenditure item in the federal budget. Fidelity pointed out that Bitcoin’s correlation with the 10-year U.S. real interest rate was long low, but has gradually turned positive in recent years, rising above 0.6 in 2026, a record high. Over the past two months, Bitcoin has rallied nearly 30%, while the 10-year U.S. Treasury yield has jumped more than 10% in the same period. Fidelity argues that amid rising government debt, higher financing costs and growing concerns over fiscal intervention, Bitcoin’s fixed supply cap of 21 million coins may boost its appeal as a potential hedge against currency devaluation and a portfolio diversification tool. If current debt and interest rate trends persist, government interest payments could even become the largest expenditure item in the federal budget in the future. U.S. Treasury data shows that the U.S. federal budget deficit for fiscal 2026 rose to $1.99 trillion, up from $1.78 trillion in fiscal 2025, the highest level since the COVID-19 pandemic. Despite the Trump administration’s pledge to cut spending, military spending, Social Security expenditures and Treasury interest payments continue to climb, coupled with a decline in corporate tax revenue, further expanding the fiscal deficit.

Cobo plans to unveil its brand upgrade and showcase the latest capabilities of its institutional wallet products—including an upgraded offering for enterprise and agent payment scenarios—during the Singapore FinTech Festival (SFF) in mid-November. Founded in 2017, Cobo first gained recognition for its personal wallet products before shifting its business focus to institutions and enterprises. The company currently serves over 680 institutional clients spanning nearly 50 countries and regions, per its disclosures. The upcoming SFF showcase will highlight its latest progress in institutional wallets, payment solutions, and agent payments. Separately, Cobo Wallet announced yesterday that its app services will officially shut down on December 1, 2026. Users are required to complete the withdrawal of all assets and update their Cobo Wallet receiving addresses set on other platforms by 23:59 on November 30. Cobo clarified that the app stopped new user registrations as early as 2021, yet continued serving existing users with ample time to withdraw funds. The app shutdown marks the official end of Cobo’s personal wallet business. The company noted that this brand and product upgrade is part of its ongoing push to expand its institutional business. Leveraging its existing wallet and custody services, Cobo will further develop payment scenarios to support the digital asset management and operational needs of institutions, enterprises, and agents.