Former Alibaba P10 Algorithm Director Prepares to Launch RSI Startup, First-Round Valuation Approximately $80 Million

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.

Bank Negara Malaysia, Malaysia’s central bank, has announced the launch of SSDS+, a next-generation paperless securities depository system based on distributed ledger technology. The platform supports the issuance, depository, and custody of tokenized debt securities, including sukuk (Islamic bonds). It can track the ownership and transfer of tokenized securities, and connects to the real-time electronic funds and securities transfer system RENTAS+ to settle bond payments using central bank currency. Bank Negara Malaysia stated that SSDS+ is primarily designed for wholesale issuance, but it also already has the capability to support tokenized government bonds and corporate retail bonds.

According to Bitget market data, South Korea’s KOSPI index closed 182.93 points higher on Wednesday, October 21, marking a 3.29% gain to end at 5,735.67 points. Samsung Electronics rose 5.67%, and SK Hynix gained 5.8%.