Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

Beating AI News Flash: OpenAI announced it will offer API credits to eligible ChatGPT Pro and Business users. For Pro users, the three monthly tiers of $100, $200, and $500 will each receive an equivalent amount in API credits. For Business users, credits are calculated per paid seat: $20 per Standard seat, $100 per Premium seat, with a maximum of $500 per workspace per month. This benefit is not new to OpenAI; Anthropic launched a similar policy for Claude Max and Team users as early as October 7. Max 5x and 20x users can receive $100 and $200 monthly respectively, while Team users also get credits per seat, with a maximum of $500. To claim the credits, users must have an active paid subscription for at least 7 days and link their account to their API organization. Initial credits are prorated based on the remaining time in the current billing cycle, and subsequent credits are automatically issued upon subscription renewal. Unused credits expire at the end of the cycle and cannot be rolled over. The granted API credits can be used to call OpenAI’s text, image, speech, and other models, but cannot be used to pay for Codex usage fees—even when logging into Codex with an API Key.

This AAVE & WLD whale keeps dumping! Over the past 5 days, the whale has deposited 152,000 $AAVE ($21.3M) and 45.17M $WLD ($21.4M) into multiple exchanges.

Insight Beating AI Flash News: AI coding firm Cognition has received a new round of financing offers, with investors valuing it at $70 billion to $80 billion, even exceeding the $60 billion implied equity valuation when SpaceX acquired Cursor. On September 8, Cognition just raised over $2 billion at a $48 billion valuation. In just seven weeks, the highest offer has increased by 67%. The company is considering another financing round before the end of the year, but nothing has been finalized yet. Cognition’s core product Devin has evolved from assisting in code writing to independently executing software engineering tasks. After acquiring Windsurf last year, it added an AI code editor and enterprise sales channels. At the time of acquisition, Windsurf already had over 350 enterprise clients. Cognition’s annualized revenue grew from $492 million in May this year to over $1 billion in September, with clients including NVIDIA, Citigroup, and Mercedes-Benz. However, compared to Cursor, its valuation is still higher. Cursor’s annualized revenue reached around $4 billion in June, nearly four times that of Cognition, yet Cognition’s current offer is higher. Based on a rough calculation of $1 billion annualized revenue, its valuation equals 70 to 80 times revenue. Moreover, after SpaceX acquired Cursor, it can use SpaceX’s GPU cluster; Cognition, by contrast, spends hundreds of millions of dollars annually renting NVIDIA servers and training its own programming models on open-source models, with cash burn possibly reaching $800 million this year. Insiders said that excluding investment in self-developed models, Cognition’s free cash flow is nearly breaking even, and this investment is precisely its way to reduce reliance on OpenAI and Anthropic models.

Visa held its 2026 fiscal year fourth quarter earnings call, during which it noted that its annualized stablecoin settlement trading volume has surpassed $25 billion, growing approximately tenfold year-over-year. Currently, Visa supports processing stablecoins and tokenized deposits on 10 blockchains, and settles transactions for five stablecoins including USDC, USDG, EURC, PYUSD, and SBC. The number of stablecoin-related card projects exceeds 225, an increase of over 70% year-over-year; Visa Direct’s stablecoin pre-funding and cross-border fund flows have transitioned from the pilot phase to commercial production.

The U.S. Dollar Index edged higher during Thursday’s Asian trading session, though it failed to extend its gains and remained above the 102.00 psychological level. Additionally, the index stays near the two-week high it hit on Wednesday, as traders await key U.S. macroeconomic data releases for fresh directional drivers. The U.S. advance third-quarter GDP and Personal Consumption Expenditures (PCE) price index are scheduled to be released later today. As markets price in a Federal Reserve rate hike in December, investors will closely watch these figures for more clues on the central bank’s future policy path. Accordingly, strong data would further reinforce market expectations and lift the Dollar Index. Meanwhile, given the Fed’s hawkish pause signal delivered on Wednesday, even if the key data comes in below forecasts, the market’s immediate reaction may be relatively limited. Separately, regional mediators led by Qatar are working to push for the resumption of U.S.-Iran talks to prevent a renewed outbreak of war. However, geopolitical risk premiums persist, meaning that even if the Dollar Index sees a technical pullback, it is more likely to attract dip-buying, keeping its losses relatively contained. (Source: Jin10)

According to Blockaid’s monitoring, it has detected that the zkLink cross-chain bridge has been attacked on Ethereum, with current losses totaling $786,000 and the attack still ongoing. The attacker used a public relayer to inject a fake batch root on Ethereum, then withdrew ETH and ERC20 tokens from the zkLink Nova L1 custodial contract to designated addresses.