Ripple Prime launches RWA perpetual contracts for institutional clients, covering over 100 markets.

Beating AI Insight News Brief: US AI firm Reflection has uploaded the weights of its first large language model Beam 1.0 to Hugging Face, fulfilling its October 5 announcement. The model uses a Mixture-of-Experts (MoE) architecture, has a total of 501 billion parameters, with around 23 billion activated per inference, and supports a 1 million-token context window. Three versions—BF16, FP8, and NVFP4—are released simultaneously under the Apache 2.0 license, allowing commercial use and secondary development. Reflection also open-sourced its accompanying programming agent framework Mirror CLI, which supports tool calling, parallel task execution by multiple agents, and custom model interfaces. The company additionally launched DFlash2, a model accelerator that generates multiple candidate tokens in advance for validation by the main model. The vLLM team optimized Beam’s underlying code using the programming agent: on 8 GB200 GPUs, the per-step computation time for single-request decoding dropped from 8.95 milliseconds to 3.30 milliseconds, reaching 2.71 times the speed of the initial version. The release is backed by over 40 partners including AWS, Google Cloud, and NVIDIA. A recent independent evaluation by Artificial Analysis scored it 30 points, ranking second among open-weight models in the US, trailing only Meta’s Muse Spark Open (39 points). However, it falls behind Chinese models such as DeepSeek V4 Flash (39 points) and Zhipu GLM-5.3 (45 points). Reflection is valued at approximately $25 billion. On October 10, the Financial Times reported that NVIDIA, which has already invested around $800 million, is discussing further capital injection or an acquisition of Reflection.

Investment bank Cantor Fitzgerald today raised its price target for Strategy (Nasdaq: MSTR) from $186 to $208, while maintaining an Overweight rating. Analyst Ramsey El-Assal upgraded his 12-month Bitcoin price forecast from $98,000 to $112,000 in the latest report. The report also updated the company’s latest Bitcoin holdings data (approximately 848,000 coins) and lifted its enterprise value valuation from around $97 billion to roughly $110 billion. The adjustment reflects the analyst’s more optimistic assessment of the value of Strategy’s Bitcoin reserves, though the market remains focused on related risks such as whether the company may be removed from some MSCI indices.

After the U.S. stock market opened, the TSLA contract on Hyperliquid dipped to $364.8, down around 1.3%. It briefly fell below the ~$365.3 level recorded at the start of the Roadster launch, erasing all gains made after the event. A whale address 0x0242…ffa1 holds TSLA short positions worth approximately $10.5 million; the short once had an unrealized loss of ~$310,000, and now has an unrealized profit of ~$66,000, with the position still open. Another whale address 0x7d04…9e7b’s TSLA long positions were partially liquidated: around 2,093 contracts were force-liquidated, worth ~$764,000, resulting in a realized loss of ~$27,800. The address still holds ~6,697 TSLA long positions, using 20x full leverage, valued at ~$2.45 million, currently with an unrealized loss of ~$84,000, and the liquidation price for its remaining positions is ~$361.8.

Oct 16 Update: #Bitcoin ETFs: 1D NetFlow: +194 $BTC(+$15.86M)?? 7D NetFlow: -1,643 $BTC(-$134.56M)?? #Ethereum ETFs: 1D NetFlow: -24,792 $ETH(-$60.84M)?? 7D NetFlow: -119,753 $ETH(-$293.85M)??

Cobo Wallet announced in a statement that its app services will officially shut down on December 1, 2026. Users are required to withdraw all assets and update Cobo Wallet receiving addresses previously set on other platforms by 23:59 on November 30. The notice warns that users who fail to withdraw assets within the deadline will incur account maintenance fees. This adjustment will directly impact users who still use the Cobo Wallet App for asset storage and receiving, and affected users should promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms. After the app shuts down, Cobo will charge a monthly account maintenance fee for any remaining assets in users’ accounts. The fee is calculated on a coin basis, equal to 2% of the remaining assets, with a minimum monthly charge equivalent to 100 U.S. dollars. Users who fail to complete asset withdrawals before the app shutdown will be deemed to have agreed to this fee arrangement. The statement did not specify the specific reason for the service shutdown, nor did it disclose whether other products or institutional businesses under Cobo will be affected.

According to Bloomberg, New York City Comptroller Mark Levine has urged Anthropic to delay its planned IPO until the company addresses AI safety and governance risks. Anthropic has since engaged in discussions with Levine. Levine oversees public pension funds holding over $325 billion in assets, warning that a major AI safety incident post-IPO could severely harm investor interests. Reports indicate Anthropic aims to conduct its IPO as early as November, with its quarterly revenue previously totaling $16.8 billion.