According to Bitget market data, the Hang Seng Index closed down 1% in late trading, and the Hang Seng Tech Index fell 1.44%. Tech and internet stocks retreated: Tencent Holdings dropped 3.7% to break below the HK$400 level, while Kuaishou, Meituan, and Bilibili all declined over 2%. AI large model stocks Zhipu AI and MINIMAX-W rose 1.4% and 0.64% respectively.

On-chain detective ZachXBT reported that two addresses belonging to an institution had a combined 973,000 MORPHO tokens stolen hours ago, valued at approximately $2.3 million. The stolen funds have been deposited into Tornado Cash. Both thefts involved EIP-7702 account delegation transactions. Per ZachXBT’s tracking, the entity linked to one of the hacked addresses was also targeted in a $3.5 million hack on October 9. That earlier batch of assets came from claims on an old cross-chain bridge, then was cross-bridged from Ethereum to Zcash via NEAR Intents before entering the Ironwood privacy pool. ZachXBT further noted that the hacked address has an on-chain association with an address suspected to belong to Nima Capital.

Beating AI Express (Dongcha) reports that an expert interview transcript circulating in investment communities claims Zhipu AI’s next-generation base model does not carry the previously rumored 1.6 trillion parameters, but ranges from 2.5 trillion to 3.5 trillion parameters. Zhipu’s GLM-5.3, released in August this year, still uses the previous-generation base model, with around 744 billion parameters. If the news is accurate, the new base model’s scale will expand to roughly 3.4 to 4.7 times that of the current version. However, the training process has not been smooth. The transcript states Zhipu adopted a more aggressive model architecture this time, leading to a period during pre-training where the loss did not decrease – meaning continuous computing power investment failed to improve training metrics. The interviewee believes the issue has likely been resolved recently, with training expected to wrap up soon, and predicts the new model will reach the flagship level of Anthropic’s Claude Fable. The new model also aims to solve the common problem of large language models being "launchable but not supply-ready" after release. The transcript notes Zhipu has set inference speed and cost as hard constraints from the architectural design phase, targeting large-scale service availability on launch day. Multiple cloud vendors are already in discussions over revenue sharing.

Robinhood Chain’s DEX protocol Fables announced this morning the launch of its FABLES token, with the FABLES/USDG trading pool now live, alongside point redemption and PROLOGUE conversion access. Per GMGN market data, FABLES’s market cap hit a post-launch peak of $18.67 million, standing at $7.56 million as of now, a roughly 59.51% decline from its high. PROLOGUE’s current market cap is just $1.38 million, down 57.23% in the past 24 hours. Fables previously stated that at least 1 FABLES could be exchanged for every 40 PROLOGUE.

Binance Alpha will list Axis Robotics (AXIS) at 19:00 on October 21, 2026. Users holding a minimum of 235 Alpha points can claim 250 AXIS tokens as an airdrop via the Alpha event page, on a first-come, first-served basis. The point threshold will automatically decrease by 5 points every five minutes if the event remains ongoing.

Famous trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, posted a technical chart of Monero (XMR) this morning, noting that XMR’s current pattern closely resembles silver’s pattern before its sharp rally to $125, suggesting a potential major uptrend of similar scale. In the monthly XMR chart he released, after a long consolidation period, the crypto has repeatedly tested and broken through a key resistance zone (roughly $500–$600), and its moving average structure has also begun to strengthen.