Zhou Hongyi: DeepSeek's open-source move indicates AI has entered a sovereignty race.

China Securities Regulatory Commission (CSRC) has approved the establishment of Citibank Securities (China) Co., Ltd. (hereinafter referred to as Citibank China). Registered in Shanghai, the firm has a registered capital of 1.2 billion yuan, with business scopes covering securities brokerage, securities investment consulting, securities underwriting and sponsorship, and proprietary securities trading. Its sole shareholder is Citigroup Global Markets Holdings Co., Ltd., which holds a 100% stake. (Source: China Securities Regulatory Commission)

Beating AI Exclusive Insight: ByteDance’s Volcano Engine Launches Seedance 2.5 4K for 4K Film & TV Production. ByteDance’s Volcano Engine has released Seedance 2.5 4K, upgrading its previous Seedance 2.5 (which supported up to 1080P) to enable 4K film and television production. Beyond the resolution boost, the new version has enhanced character micro-expressions, subtle movements, and frame details through specialized training. According to the official, when performing reference generation and video editing, the model can better retain the clarity, colors, and small text of original materials. Currently, the first batch is only available to 20 global film and television studios and directors on a targeted basis, with around 20 works participating in trials. The earliest project is scheduled to air on satellite TV in November.

According to the Monetary Authority of Singapore (MAS) page, Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have joined the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative as policy-making members. The three central banks will collaborate with industry bodies in their respective jurisdictions to develop a common framework for cross-border use of digital currencies, including how different forms of digital currencies are accepted, exchanged, and settled across institutions, networks, and jurisdictions. Additionally, Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa, and the World Bank Group have also joined BLOOM.

According to BIT (bit.com) market data, pre-market U.S. stocks in the optical communications, semiconductor, and Neocloud sectors rose broadly. All optical communications concept stocks gained, with Credo (CRDO) up 2.70%, Coherent (COHR) up 2.56%, Applied Optoelectronics (AAOI) up 2.54%, Astera Labs (ALAB) up 2.11%, and Lumentum (LITE) up 2.05%. Semiconductor stocks also strengthened in tandem: Intel (INTC) rose 2.12%, Applied Materials (AMAT) up 1.58%, Lam Research (LRCX) up 1.56%, Arm (ARM) up 1.48%, AMD up 1.43%, and NVIDIA (NVDA) up 0.70%. Most Neocloud stocks advanced: Hut 8 (HUT) gained 2.39%, CoreWeave (CRWV) up 2.16%, Nebius (NBIS) up 1.28%, and Galaxy Digital (GLXY) up 1.05%. Storage stocks showed mixed performance: SK Hynix (SKHY) rose 5.13%, SanDisk (SNDK) up 2.32%, Micron Technology (MU) up 1.63%; while Western Digital (WDC) fell 4.01% and Seagate Technology (STX) dropped 0.64%.

CryptoQuant analyst Darkfost stated in a post that due to ongoing tensions in the Gulf region and Ukraine’s intensified attacks on Russian refineries, Brent crude oil prices have held above $100 per barrel. Rising oil prices are transmitting through the global economy, pushing up costs for production, services, and commodities, further embedding inflationary pressures into the economic system, and potentially raising the risk of an economic slowdown—thereby restricting market liquidity, especially funds flowing into high-risk assets like Bitcoin. Darkfost pointed out that in the long-term trend, when Brent crude remains above its annual average and enters a strong upward trajectory, BTC tends to underperform; conversely, when oil prices fall sharply, BTC is more likely to see a recovery. However, he stressed that this does not imply a simple direct causal link between oil prices and BTC. What truly impacts high-risk assets is the macroeconomic environment accompanying high oil prices. This past July, oil prices briefly dipped, and BTC immediately got an opportunity to rally, but Brent crude has since rebounded notably. While funds may still rotate across different markets, driving BTC to extend its gains, the current macro environment is not favorable for sustained inflows of new liquidity into the market.

According to official announcements, OKX Flash Earn Lite will launch the CT (Concrete) "Stake to Earn" campaign from 15:00 on October 28 to 15:00 on November 3, 2026 (UTC+8). During the campaign, users who lock BTC, ETH, OKB or CT to participate in the subscription will be eligible to split 1,000,000 CT tokens as airdrop rewards. Users can join the subscription in advance starting from 15:00 on October 24 (UTC+8); rewards will be calculated from the official start of the campaign, and participants can access the activity via the "Flash Earn" entry at the top of the OKX App's Explore page.