Two crypto billionaires each donated $48.7 million to the UK’s Reform Party, tying for the record for the largest individual political donation in British history.

Trade.xyz announced on social media that the pre-IPO perpetual contract (IPOP) market for JIO is now live. Each JIO unit corresponds to one common share of Jio Platforms Limited, quoted in US dollars. Currently, JIO operates as a pre-IPO market reflecting expected share prices, and is set to convert to a standard XYZ perpetual contract after Jio Platforms’ IPO. Post-IPO, oracles will convert the underlying stock’s rupee price to US dollars at the prevailing USD/Indian rupee exchange rate. Jio Platforms provides digital connectivity and services in India.

According to a South Korean media report on October 23, Samsung Electronics has launched follow-up equipment investment at its No. 1 wafer fab in Taylor, Texas, completing the final pre-mass production phase of setup. This facility is Samsung’s first wafer foundry mass production line in the U.S., targeting 20,000 wafers per month of 2-nanometer capacity by the second half of next year. Samsung has recently ordered equipment, initially to meet a monthly capacity of around 6,000 wafers, with the equipment arriving gradually. The No. 1 fab broke ground in 2022, with Samsung’s total investment reaching approximately $37 billion. It is scheduled to begin operations by the end of 2026 and start mass production of EUV-based 2-nanometer chips from 2027. Samsung’s 2-nanometer yield has risen from around 60% earlier this year to roughly 80%, meeting mass production requirements. In terms of orders, the fab has secured full 2-nanometer orders before launch, with clients including Tesla’s AI5 and AI6 chips, Broadcom’s communication chips, and Arm’s smart device chips. Samsung and Tesla signed a $16.5 billion long-term supply contract in July 2025, valid through the end of 2033. Expansion plans do not stop here. Samsung plans to break ground on Taylor’s No. 2 fab in early November, which will be 1.5 times the size of the No. 1 facility, targeting mass production of 2-nanometer chips by 2030. Samsung’s total investment in central Texas exceeds $37 billion, and the U.S. CHIPS and Science Act has approved up to $4.745 billion in direct subsidies. The competitive landscape remains to be tested. TrendForce data shows TSMC held a 72.5% global wafer foundry revenue share in the second quarter of this year, while Samsung accounted for 5.9%. The Taylor fab’s capacity ramp and yield stability will determine whether Samsung can convert its order momentum into a market share recovery.

According to TradingBeats' monitoring, a large whale wallet starting with 0x469e liquidated its remaining 5,000 long positions in Sandbox (SNDK) early this morning, with a total closing transaction value of approximately $6.236 million. The final round of liquidation alone incurred a loss of around $2.836 million. The average entry price for this position stood at roughly $1,814.45, while the actual average closing price was about $1,247.20, a roughly 31.3% drop from the cost. Statistics indicate that the whale opened its SNDK long positions on September 23 and fully exited all holdings today, resulting in a total trading loss of approximately $4.583 million.

Beating AI Express News: The Arc browser is truly coming to an end. The Browser Company announced it will fully discontinue support for the macOS and Windows versions of Arc on December 22, 2026, and has already closed new user registrations. Starting November 23, the mobile version’s AI features, login functionality, and tab sync will be phased out gradually. The team will now focus entirely on its AI browser Dia. Arc launched in 2022, initially available exclusively to Mac users via invitation. It opened to all users in 2023, and expanded to Windows and mobile platforms in 2024. It reimagined the traditional browser with innovations including a vertical tab bar, dedicated workspaces, automatic tab organization, split-screen browsing, and even direct webpage customization. These designs made it a favorite among tech enthusiasts globally. China’s tech community once closely studied its design and development model, regarding it as a popular alternative to Chrome. The company previously revealed that Arc had over 1 million weekly active users, but its popularity did not translate into broad adoption. Founder Josh Miller acknowledged in 2025 that Arc was too complex for average users, with a steep learning curve, and only 5.52% of daily active users regularly used multiple workspaces. That same year, the team halted new feature development to pivot to Dia. In October 2025, its parent company was acquired by Atlassian for roughly $610 million. Now, the team has decided to end all maintenance for Arc, reasoning that browser security in the AI era requires ongoing investment, so engineering and security resources must be concentrated on Dia. Arc never became the next-generation Chrome, but it opened countless people’s eyes to what browser design could be. The creative concepts it introduced will live on in other browsers. Unfortunately, Arc itself will not get to see that future.

Beating AI Express: Vercel announced it will phase out long-term static keys from its Marketplace. Starting November 30, third-party services that still rely on long-term keys and do not support Vercel OIDC authentication will be marked as "insecure". By January 2027, non-compliant providers will be delisted, with Vercel’s own APIs and native integrations required to follow the same standards. Long-term keys are non-expiring credentials, often stored in environment variables to enable apps or AI Agents to access services like databases. If leaked, attackers can exploit them indefinitely. Vercel’s OIDC, by contrast, allows programs to obtain short-lived credentials based on their own identity, with restricted access scopes and permissions. After credentials expire, the SDK automatically refreshes them, and caching reduces extra requests, eliminating the need for developers to manually rotate keys repeatedly. Vercel has faced such risks before: in April this year, third-party AI tool Context.ai was hacked, letting attackers breach Vercel’s internal systems and access some customers’ environment variables. The company only announced full remediation on October 16. Vercel also disclosed that past key rotation efforts consumed thousands of engineering hours. The company surveyed over 1,000 SaaS providers and found only 8.4% support the more secure authentication method. Long-term keys are widely used for their simplicity, while short-lived credentials are safer but more complex to configure and may increase network latency. Vercel is mitigating these costs via SDK and automatic caching, and using Marketplace listing eligibility to push providers to adopt more secure authentication practices.

According to Reuters citing Bloomberg, SpaceX is in talks with U.S. cellular infrastructure companies to gain access to at least 80,000 cell tower sites nationwide. Insiders said the relevant deal could solidify its path to become the fourth national wireless carrier, challenging AT&T, Verizon, and T-Mobile. The report noted SpaceX is acquiring national low-frequency spectrum and has held negotiations with tower firms including Crown Castle. Data from the Wireless Infrastructure Association shows 80,000 sites are roughly half of the total dedicated cellular towers in the U.S. last year, which stood at around 158,500. Public records show Crown Castle operates about 40,000 towers in the U.S., American Tower has roughly 42,000 U.S. sites, and private firm Vertical Bridge owns around 18,000 towers. When asked at Wednesday’s earnings call whether it was in lease talks with satellite communications players like SpaceX and Amazon, Crown Castle CEO Christian Hillabrant said, "You can consider we are in discussions with all parties," but declined to name specific clients. TD Cowen estimates building a national terrestrial network could cost over $80 billion, requiring years of additional capital investment, with related lease transactions potentially running into billions of dollars. Crown Castle, American Tower, Vertical Bridge, and SpaceX did not immediately respond to Reuters’ request for comment. Separately, SpaceX recently reached an agreement to acquire a portfolio of approximately 800MHz low-frequency spectrum across the U.S. held by Grain Management, pending FCC approval. This week, the FCC also approved SpaceX’s plan to launch around 15,000 second-generation direct-to-phone satellites. CEO Elon Musk said at an earnings call that SpaceX will build a terrestrial network to achieve wide coverage in areas where SpaceX and Starlink are licensed to operate. Following the news, AT&T, Verizon, and T-Mobile saw post-market declines ranging from 4.2% to 5%.