SHELL Buyback Address has once again withdrawn 1 million tokens from Binance, and the buyback progress has reached 81.2%.

According to Bitget data, Hong Kong-listed Zhipu (02513.HK) saw its intraday gains widen in the afternoon, rising more than 5% on the day and currently trading at HK$661.

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that an ancient Ethereum whale, with a cost basis of only $11.61, appears to have sold off after six months of inactivity, potentially reaping around $36.21 million in profits. Two hours ago, the address transferred 13,330 ETH to Coinbase, worth approximately $36.37 million at the time of the transfer, when ETH’s price stood at $2,728.59. If this transfer is intended for sale, it would generate an estimated profit of about $36.21 million, marking a return on investment (ROI) of as high as 23,402%.

Solana-based token launch platform StonkFun announced that it has cumulatively distributed over $90 million worth of rewards to its token holders. Separately, the platform generated $590,268 in revenue on October 4, with $353,601 allocated to buybacks and 1.79 million STONK tokens burned.

Beating AI News Flash: Bloomberg Intelligence (BI) says the performance lead of U.S. AI firms over Chinese counterparts has fallen to an all-time low, driven by advances from Chinese labs like DeepSeek. After DeepSeek V4.1 Flash launched in September, China’s top models lag U.S. rivals by just 3% in benchmark tests, a sharp narrowing from roughly 9% in May and 15% at the start of the year. DeepSeek V4.1 Flash ranked sixth globally on LiveBench last month, scoring 81.1 points—close to Anthropic’s top score of 83.4. BI Senior Analyst Robert Lea notes the model now delivers performance comparable to leading systems from Anthropic and OpenAI, though only three of the top 15 LiveBench models hail from China. China’s AI progress stems from improved technical expertise and the ability to optimize models for domestic hardware, while also raising questions about the effectiveness of U.S. chip export restrictions. Still, China’s AI industry faces commercialization pressures. Lea forecasts that low-margin token supply, fierce price wars, and competition among over 1,100 large language models could keep the sector unprofitable until 2030. Currently, ByteDance’s Doubao leads in AI application monetization, while chatbots from DeepSeek and Tencent remain free to use.

Zcash has activated its NU7 network upgrade on the testnet, launching real-world testing ahead of the mainnet upgrade scheduled for November. Data from Zcash’s testnet block explorer shows the scheduled activation height 4,465,026 was mined at 18:21:45 UTC on October 4, with Zcash subsequently confirming NU7 is officially live on the testnet. NU7 will reduce Zcash’s target block interval from 75 seconds to 25 seconds, disable version 4 transactions, and introduce a "network sustainability mechanism" that redirects a portion of transaction fees to future block rewards. Once version 4 transactions are disabled, ZEC remaining in the legacy Sprout privacy pool will become unusable unless users transfer those funds before NU7’s full activation. Zcash developers will decide whether to proceed with the mainnet upgrade and set its activation height based on testnet performance, with the mainnet activation targeted for November 5.

CoinGecko’s report shows Ethereum (ETH) rose 70% in the third quarter, outperforming Bitcoin (BTC), which gained 42% over the same period, though ETH’s market liquidity has actually declined. Between July 6 and September 30, ETH’s median daily market depth was only 35% to 45% of BTC’s, compared to at least 60% in the same period last year. Within a 0.15% range from the market price, ETH’s combined buy and sell order book depth is roughly $13 million to $14 million. Market depth measures the total size of orders placed near the current price; lower depth means large orders are more likely to drive price swings. Despite the liquidity contraction, CoinGecko notes ETH remains relatively easy to trade, with market depth exceeding $1 million on both buy and sell sides across most exchanges. Solana (SOL) has also seen a liquidity decline: its one-sided market depth within a 2% range of its price fell from approximately $28 million last year to around $20 million. XRP’s total market depth has stabilized at roughly $30 million, with buy orders totaling about $18 million and sell orders around $14 million. While XRP’s market capitalization is roughly 40% higher than SOL’s, its market depth is lower, a gap attributed to SOL’s average daily trading volume being about 25% higher.