Stablecoin payments firm Latitude completes $35 million Series A funding round, led by Oak HC/FT.

Beating AI News Flash, October 27: Hurun Research Institute released the 2026 Hurun Rich List. 41-year-old Liang Wenfeng, founder of DeepSeek, made his debut on the list, ranking 7th in China with an estimated wealth of 280 billion yuan, surpassing NetEase’s Ding Lei and the Li Ka-shing family, making him the highest-net-worth new entrepreneur on the list this year. Liang was not featured on last year’s list. Hurun noted this was mainly because he had previously advocated “no commercialization.” However, DeepSeek launched large-scale financing this year: it closed its first round in June, and its pre-money valuation for the second round reached around 500 billion yuan in August. In October, DeepSeek secured 106 billion yuan in financing, pushing its post-money valuation to over 600 billion yuan. It should be noted that the Hurun List uses September 1 as the cutoff date for wealth calculations, and the 280 billion yuan figure is only an estimated personal fortune. AI is also reshaping the entire rich list: ByteDance’s Zhang Yiming saw his wealth rise by 200 billion yuan, returning to China’s top spot with 670 billion yuan; Cambricon’s Chen Tianshi entered the top 10 with 205 billion yuan; Zhipu AI’s Liu Debin and Tang Jie made their debuts with 39.5 billion yuan and 27.5 billion yuan respectively. Hurun statistics show that over 160 entrepreneurs on this year’s list derive their wealth from the AI sector, accounting for roughly 10% of the total entrants.

WTI and Brent crude oil have dropped roughly $0.7 from their intraday peaks, now trading at $100.75 per barrel and $110.89 per barrel respectively. On the news front, Qatari mediators submitted a new draft agreement to Iran on Sunday; Iran is reviewing the proposal and is expected to respond within this week.

Per Binance Wallet’s official announcement, users holding Predict Points (PP Points) can now check their PP Points balance and select their preferred method to claim the PREDICT airdrop. There are two paths to access PP Points: 1. Navigate to the "Prediction Account" via Binance’s "Assets" section; 2. In Binance Wallet, go sequentially to "Discover" → "dApp" → "Predict" → "Assets". PP Points holders can use these entry points to verify their points and complete all necessary steps to claim the airdrop.

According to data from the BIT Stock Platform, pre-market trading in US stocks saw strength in optical communications, Neocloud, semiconductors, and most storage stocks, while crypto-related stocks were mixed. The three major index futures were mixed: S&P 500 futures rose 0.11%, Nasdaq 100 futures gained 0.54%, and Dow Jones futures fell 0.21%. SpaceX (SPCX) climbed 0.81% in pre-market trading. All optical communications-related stocks advanced: Credo (CRDO) up 2.78%, Applied Optoelectronics (AAOI) up 2.27%, Coherent (COHR) up 2.15%, Ciena (CIEN) up 1.95%, and Lumentum (LITE) up 1.79%. Most Neocloud stocks rose: IREN up 2.33%, Nebius (NBIS) up 2.14%, Astera Labs (ALAB) up 2.02%, Cipher Digital (CIFR) up 2.00%, CoreWeave (CRWV) up 1.90%, while AST SpaceMobile (ASTS) dipped 0.12%. Semiconductor stocks were broadly higher: Micron Technology (MU) up 4.40%, Arm (ARM) up 2.38%, Intel (INTC) up 2.20%, Marvell Technology (MRVL) up 2.17%, AMD up 1.91%, ASML up 1.27%, Broadcom (AVGO) up 1.24%, NVIDIA (NVDA) up 0.77%, and TSMC (TSM) up 0.43%. Storage stocks showed mixed performance: SK Hynix (SKHY) up 8.11%, SanDisk (SNDK) up 5.03%, Western Digital (WDC) up 1.21%, while Seagate Technology (STX) fell 3.23%. Crypto-related stocks were mixed: BitMine (BMNR) up 1.41%, MARA up 0.99%, Strategy (MSTR) up 0.81%, Robinhood (HOOD) down 8.42%, Coinbase (COIN) down 1.58%, and Circle (CRCL) down 0.40%.

Beating AI Express: In May this year, Anthropic acquired SDK generation tool provider Stainless, which subsequently announced it would phase out its original hosting services. On October 27, a Stainless employee deleted one of the company’s private GitHub repositories, accidentally taking down its customers’ code in the process. The affected party was payment platform Dodo Payments, which had previously forked code from Stainless’s private repository and relied entirely on this repo for its entire SDK generation workflow. Less than two seconds after Stainless deleted its original repo, Dodo’s private fork was automatically deleted—with no prior warning. It emerged that GitHub has a rule: when a private repository is deleted, all its private forks are automatically removed. Even more concerning: Dodo’s audit logs only showed an external party executing the `repo.destroy` command, with no indication this was a chain reaction from an upstream repo deletion. Co-founder Ayush Agarwal could not find any authorization records from the other party, nor was the repo listed in GitHub’s recoverable items, leading him to initially suspect his company had been hacked. GitHub customer support later helped the team pinpoint the root cause. Fortunately, Dodo had local code backups, so it eventually re-uploaded the code as an independent repository, and its SDK has resumed operation. Agarwal called on GitHub to clearly mark upstream repo deletion causes in audit logs. He also reminded other Stainless customers to convert their private forks still dependent on upstream services to independent repositories as soon as possible.

On-chain analyst Ai Yi (@ai_9684xtpa) has detected another large ETH holder liquidating their position, with an estimated $12.41 million worth of holdings sold over the past half month. The relevant address is 0x7eE…76066, which holds 5,160 ETH at an average cost basis of $2,433. The address’s most recent deposit occurred around an hour ago, when it transferred 2,252 ETH (valued at roughly $5.29 million) to OKX. If the entire position is sold, the holder is expected to take a loss of approximately $148,000.