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Crypto exchange OKX has completed a financing round at a $25 billion valuation, with Standard Chartered Bank and Circle among the investors.

2026.10.06 20:11:09

According to Bloomberg News, cryptocurrency exchange OKX has closed a new round of financing at a $25 billion valuation, with existing partners and hedge fund Qube Research & Technologies participating in the round. OKX said Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered, all took part in this financing round. OKX declined to disclose the exact amount raised, but noted that this round is an extension of its financing in March this year. Back then, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, invested roughly $200 million in OKX at the same $25 billion valuation.

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A crypto whale transferred 387,000 HYPE tokens to Coinbase, valued at approximately $31.93 million.

According to OnchainLens monitoring, a crypto whale has unstaked 387,000 HYPE tokens from Kinetiq and transferred the full amount to Coinbase, likely for sale. The transfers include 100,000 tokens moved two days ago, valued at approximately $7.57 million; 100,000 tokens transferred today, worth around $7.86 million; and 187,000 tokens moved earlier, valued at roughly $16.5 million.

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Tencent launches Buddy One: an AI tool supporting cross-app information retrieval, featuring unified accounts and point systems.

Beating AI News Flash, October 29 – Tencent officially launched Buddy One, integrating WorkBuddy, Tencent Docs, Tencent Meeting, Tencent Cloud Drive, and ima into a unified AI office ecosystem. After linking accounts, users can directly instruct WorkBuddy to search for and integrate information across applications, eliminating the need for repeated authorization or copy-pasting. For instance, it can combine Tencent Meeting minutes, old plans in Tencent Docs, and the ima knowledge base to generate a new proposal with source references. Tencent also unified its points system: WorkBuddy points are usable across Tencent Docs, ima, and Tencent Cloud Drive, though points previously purchased separately in each app will not be merged. The official Buddy One VIP plan is priced at 700 yuan/month, including 50,000 monthly general points, 1TB cross-product shared storage, and benefits such as WorkBuddy Premium, Tencent Meeting Pro, and Tencent Docs Super Member Plus. Tencent Cloud Drive, launched alongside, serves as the unified storage provider. Currently, the rolled-out features mainly include account linking, cross-app search, and points sharing; true cross-app memory sharing is not yet available. WorkBuddy PC version 5.9.0 or higher is required to use the service. Account linking is free, but unlinking is not supported at this time.

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Prediction markets including Polymarket face strict regulation in Australia, with the Australian Securities and Investments Commission (ASIC) confirming it has not received any operation applications.

According to Bloomberg, Sarah Court, chair of Australia’s Securities and Investments Commission (ASIC), told a parliamentary hearing that the regulator has not received any applications from prediction market operators. Platforms like Polymarket may face strict regulation in Australia, and any operating license applications will also undergo rigorous scrutiny. Court noted that prediction market trading mechanisms are similar to binary options already banned in Australia, featuring all-or-nothing outcomes, while their underlying assets are often unrelated to investment or financial markets. Australian users can directly access such overseas platforms, but are not protected by local financial regulations, and lack access to dispute resolution and customer fund protection measures.

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Update to Ethereum’s EIP-8450 Proposal: Proposes a Quantum-Resistant Validator Public Key Registration Mechanism

According to Ethereum's GitHub discussion page, the EIP-8450 proposal has been recently updated, aiming to introduce an anti-quantum public key registration mechanism for Ethereum validators. The mechanism adopts hash-based cryptography schemes, including leanXMSS keys and VRF roots, to enhance the resilience of the validator key system against future quantum computing threats. The update clarifies that anti-quantum key registration and replacement will be authorized via BLS signature keys, with a replacement delay of at least one epoch and anti-replay mechanisms set in place. The proposal remains in the Draft stage and has not been deployed yet.

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Jenner hard fork upgrade has been launched on the BSC testnet.

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Hyperliquid has permanently burned 49.87 million HYPE tokens, accounting for 4.99% of its maximum supply.

According to Onchain Lens monitoring, Hyperliquid has permanently burned 49.87 million HYPE tokens, valued at approximately $3.89 billion based on current metrics, accounting for 4.99% of HYPE’s maximum total supply of 1 billion tokens. Over the past 24 hours, Hyperliquid burned 19,700 HYPE tokens worth around $1.59 million; in the same period, its estimated fee revenue reached about $1.69 million, with cumulative revenue totaling roughly $1.38 billion.

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