The biggest loser in the AI sector pullback has suffered losses of up to $8.5 million, with a whale previously holding a long position worth $90 million.

Beating AI News Flash: Security researcher log4j noticed his 2025 Samsung TV consistently pushed highly targeted ads. He reverse-engineered the TV’s Tizen system, uncovering features including viewing content recognition, sound detection, and ad tracking. On October 23, he shared a notification that OpenAI banned his account citing "Cyber Abuse", stating he lost approximately $500 and multiple quota reset opportunities. He emphasized he only conducted local research on the TV and did not use OpenAI to attack any systems. Around the same time, multiple Reddit users reported that Claude Opus 5.5 began frequently blocking reverse engineering requests. One developer asked Claude to analyze open-source reverse engineering tool REA, but the response was interrupted halfway by a safety check. Another user paying $200 monthly said Claude refused to analyze his Windows crash files; switching to $10/month OpenCode Go paired with DeepSeek successfully located the faulty CPU instruction.

According to official announcements, Neutral Trade – a quantitative strategy sharing platform in the Solana ecosystem – stated in a post that its TermMax private credit vault is now disclosing its airdrop distribution plan, following delays in the launch of the TermMax (TMX) token and renegotiation of yield terms. The airdrop comprises TMX tokens with a fully diluted valuation (FDV) of $60 million, which will be distributed to depositors in line with the September 25, 2025 snapshot ratio after being sold. The distribution schedule is: 50% to be released within 1 month post-launch, then 12.5% weekly for 4 consecutive weeks. Distribution will commence this week.

According to ZDNet Korea, Samsung Electronics and SK Hynix have scheduled mass production and shipment of 8-layer HBM4 for NVIDIA around the second quarter of next year. A source familiar with the matter stated: "From what I understand, NVIDIA will equip its Rubin Ultra-based NVL rack-scale solutions with 8-layer HBM4. While 12-layer HBM4 remains the main focus this year, the share of 8-layer HBM4 will rise significantly starting mid-next year."

Asset management giant Franklin Templeton has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to complete the Nasdaq listing registration for two new exchange-traded funds (ETFs). The prospectus indicates the funds will take effect on October 27, and the market widely expects them to start trading soon. The two products are the Franklin US Equity Bitcoin DRIP Index ETF (ticker: FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (ticker: FIBT). The former tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index, covering about 500 of the largest U.S. companies by market cap; the latter tracks the VettaFi US Innovation 100 Bitcoin DRIP Index, focusing on the 100 largest non-financial Nasdaq-listed companies. Both funds adopt a passive index strategy, with an initial asset allocation of approximately 95% U.S. equities and 5% Bitcoin exposure. The core mechanism of the products is "Bitcoin Dividend Reinvestment Plan (Bitcoin DRIP)". Unlike traditional dividend reinvestment plans, these two ETFs do not reinvest ordinary and special dividends from stocks back into the equities themselves. Instead, on the opening of the day after the ex-dividend date, the dividend cash is automatically used to increase Bitcoin-related exposure. Bitcoin exposure is primarily achieved through Bitcoin exchange-traded products (including Franklin’s own spot Bitcoin ETF EZBC), futures, options, or other related instruments; the funds do not directly hold on-chain Bitcoin. To control risks, the indices have clear rebalancing rules: if the Bitcoin weight exceeds 5% during quarterly rebalancing, it will be reduced to 4.5%; if the Bitcoin weight exceeds 20% during the rebalancing interval, it must be cut back to 4.5% within two trading days. The documents show FBEQ has a management fee of 0.09%, while FIBT’s is 0.19%, with neither charging 12b-1 fees.

According to Bitget market data, South Korea's KOSPI index closed down 80.71 points, or 1.45%, at 5469.59 points on Monday, October 26.

According to official announcements, to expand Binance’s futures trading product lineup and improve user trading experience, the platform will launch four USDT-denominated TradeFi perpetual contracts on staggered timelines starting October 26, 2026, with clearing and settlement performed by Binance RCH. The specific schedule is as follows: The EIDOUSDT perpetual contract goes live at 17:00 Beijing Time (09:00 UTC); EQTUSDT at 17:05 Beijing Time (09:05 UTC); STMUSDT at 17:10 Beijing Time (09:10 UTC); and ABBVUSDT at 17:15 Beijing Time (09:15 UTC).