Trading Fee Roundup: Equity Perpetual vs. Spot Trading – How Much Does a $10,000 Order Cost?

Beating AI News Flash: Silicon Valley startup AGI Inc. is selling technology similar to Doubao (the Chinese AI assistant) to smartphone manufacturers. In March this year, it announced partnerships with Qualcomm and demonstrated functions including automatic food ordering, ride-hailing, and checkout in Lenovo’s AI assistant Qira. In August, Rich Miner, co-founder of Android, joined the company as an advisor. AGI was co-founded by Div Garg, a Stanford University computer science PhD dropout. It has launched an Android app where users can say commands like “Book an Uber for me” or “Send a message to a friend”; the AI recognizes the phone screen, automatically opens the corresponding app, taps buttons, and fills in information—all without requiring dedicated APIs from third-party apps. The company also developed AGI-0, a model specialized in phone operations, and AGI-RUN, an on-device inference engine, aiming to run AI locally on phones as much as possible to reduce latency and privacy data uploads. AGI has opened the phone MCP interface, allowing agents such as Claude Code and Codex to directly operate Android devices. AGI’s business model is clear: it does not manufacture its own phones, but packages its model, inference engine, and cross-app operation capabilities to supply to smartphone makers, serving as the built-in AI operation layer for next-generation mobile systems. China’s Doubao assistant is also following this technical path, but has faced resistance from third-party apps. As of November 4, over 170 apps including WeChat, Taobao, and Meituan have explicitly refused to allow Doubao to perform operations on users’ behalf.

According to PeckShield monitoring, an address suspected to be linked to the UXLink hacker holds approximately $45.3 million in ETH long positions on Hyperliquid, with 21,550 ETH in positions, an average entry price of $2,134.45, and uses 15x cross leverage. The address previously received 11 million USDC from an address starting with 0x35E, and had interacted with an address marked as the UXLink hacker on August 28.

According to monitoring by OnchainLens, a wallet linked to Ma Ji received six proceeds from OpenSea sales over the past 15 hours, totaling approximately $83,880 from the sale of six Bored Ape Yacht Club (BAYC) NFTs. The latest payment, around $14,570, arrived just minutes ago. The NFTs sold include BAYC #701, #4898, #6072, #250, #1297, and #4942.

The U.S. Office of the Comptroller of the Currency (OCC) has upgraded its conditional approval for Coinbase National Trust to a full national trust bank charter. Coinbase previously obtained conditional OCC approval in April 2026, enabling it to provide federally regulated custody and payment services, though it cannot operate as a full-service bank that accepts deposits and grants loans.

Morgan Stanley's Michael Wilson said the S&P 500 correction may be nearing its end, with U.S. stocks likely positioning for a year-end rally. The U.S. benchmark index is approaching its downside target range of 7,100 to 7,300 points and is expected to rebound from this zone, Wilson noted. "Instead of waiting for a perfect bottom, we recommend increasing exposure to high-quality cyclical stocks in the coming weeks, as these stocks have seen their valuations adjust significantly while delivering strong earnings per share performance," Wilson wrote.

Arkham officially announced in a post that it has added position tags for multiple crypto funds under existing entities, covering roughly $3 billion in Bitcoin and other crypto assets. The newly tagged assets include approximately $1.52 billion in CoinShares’ BITC Bitcoin physical ETP, around $507.2 million in VanEck’s VBTC Bitcoin ETN, about $266.6 million in Invesco’s BTIC Bitcoin physical ETN, and roughly $125.9 million in Grayscale Solana Trust.