Report: Rug Pull Incidents in the Crypto Space Have Decreased, but Their Impact Has Grown

According to a report from Securities Times, Hong Kong Exchanges and Clearing (HKEX) Chief Executive Officer Bonnie Chan has released a new edition of the CEO blog. Notably, Chan’s remarks carry substantial information, including plans to consult on optimizing the listing rules for specialist technology companies and the Growth Enterprise Market (GEM); attracting more international enterprises to conduct primary or secondary listings in Hong Kong; working with mainland partners on preparations for including real estate investment trusts (REITs) in the Shanghai-Shenzhen-Hong Kong Stock Connect and RMB-denominated stock counters in the Hong Kong Stock Connect; actively studying the extension of night trading hours for derivative products; as for extending stock market trading hours, HKEX will start by leading market discussions to find a solution acceptable to all market participants.

Dongcha Beating AI News Flash: At the "2026 Wonderful Night" co-hosted by Douyin and Beijing TV, Pan Tianhong (Tim), founder of Film Storm, demonstrated a world model capable of generating explorable virtual environments from text descriptions. During the on-site showcase, users can roam through the generated scenes and input additional commands to modify the visuals. Bloomberg reported in September this year that ByteDance is developing a real-time spatial video model based on Seedance, with founder Zhang Yiming personally overseeing the project, which could launch as early as October. The reports also noted related directions including cloud generation, Pico headsets, and Douyin creator tools. This demonstration closely matches the previously uncovered project, though ByteDance has not officially confirmed whether the two are the same product, nor has it disclosed the product name, launch timeline, or detailed performance metrics.

According to Bitget market data, South Korea’s KOSPI index closed down 241.69 points, or 3.65%, at 6384.24 points on Monday, October 12. Samsung Electronics fell 4.38%, while SK Hynix dropped 4.52%.

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest advanced AI chip foundry, will release its third-quarter financial results on Thursday. Analysts widely forecast that, driven by the AI boom, TSMC is poised to post its sixth consecutive quarter of record-high profits. LSEG SmartEstimate, which compiles forecasts from 16 analysts, projects TSMC’s third-quarter net profit to jump 65% year-over-year to NT$746.3 billion (US$23.4 billion). Should net profit exceed NT$706.56 billion, it will once again set a new all-time high for the company’s quarterly net profit, while notching 11 consecutive quarters of profit growth. Last Thursday, TSMC’s preliminary data showed its third-quarter revenue hit NT$1.49 trillion (about US$46.7 billion), up 51% year-over-year, beating market expectations and marking a new quarterly revenue record. (Jinshi)

Beating AI Express News: Embodied intelligence firm Euler All-Things has secured hundreds of millions of yuan in an angel+ round of financing, with investors including Chengyuanxiang Fund, Core Energy Venture Capital, Topband Co., Ltd., and Hony Capital. This marks the company’s fourth funding round since its establishment in March this year. Founder Zhou Shunbo, former head of Huawei’s Embodied Intelligence Innovation Lab, joined Huawei via the "Genius Youth" program. Euler All-Things aims to develop household robots capable of performing chores and learning new skills from users. Its first product features a wheeled chassis and dual robotic arms, initially targeting developers and makers to enable user participation in robot training. The company has also partnered with domestic service provider Goodang Home, planning to leverage real household scenarios and professional service workflows to train its models. However, the funding pace has outstripped product delivery: Euler All-Things has not yet launched a commercial robot product, with its public achievements limited to two models (OLA-Sem, OLA-Geo) and a household scenario demonstration. Zhou Shunbo has revised his original goal of selling at least 1,000 robots by 2027, citing ongoing issues with supply chain, heat dissipation, and hardware reliability. The updated plan is to conduct small-scale verification of the first-generation product in Q1 2027, with large-scale mass production arrangements to be finalized in the second half of the year.

According to official announcements, Binance will launch four TradFi USDT-margined perpetual contracts on October 12. The underlying assets are Zcash ETF (ticker: ZCSH), T-Rex 2X Long MSTR Daily Target ETF (ticker: MSTU), Synopsys (SNPS), and Redwire (RDW). Their specific launch times (UTC) are as follows: 17:00 UTC for ZCSHUSDT, 17:05 UTC for MSTUUSDT, 17:10 UTC for SNPSUSDT, and 17:15 UTC for RDWUSDT. All contracts support up to 20x leverage, with funding rates settling every 8 hours.