JPMorgan Chase assigns an Overweight rating to Palantir, with a price target of $262.

Well-known trader Ansem told the podcast *Market Bubble* that he has recently shifted from bullish to bearish, revealing he has reduced positions, taken profits, and shorted a portion of his holdings over the past few days. On equities, Ansem noted that mainstream assets have rallied sharply, amassing large unrealized profits with hardly any meaningful pullback, and significant de-risking and profit-taking are now underway. He believes the U.S. stock market may have reached the end of its macro cycle, with capital flowing out. For crypto assets, Ansem pointed out that the sector performed strongly in Q3, but this may only be a counter-trend rally rather than the start of a new bull market. Crypto had previously front-run equities' weakness, bouncing back after being oversold in advance; if equities continue to weaken, they could drag crypto down with them, with Bitcoin potentially correcting back to around $70,000. However, Ansem stated on the show that he remains bullish on the tokenization of stocks, calling it a key pathway to bringing more traditional capital on-chain. He views this as a catalyst for the next wave of real user and capital inflows, not just a bear market afterthought. Ansem also reiterated his bullish stance on the ZEC token, emphasizing its "privacy Bitcoin" attribute.

UBS has cut its 12-month target for South Korea's KOSPI index from 8,000 points to 7,500 points, reflecting concerns that a strengthening Korean won will erode corporate earnings.

A mysterious whale dumped 694,310 $HYPE ($53.27M) over the past 5 days!

Beating AI Express: Developer AI search product Devv announces shutdown. Founder Zhang Jiayuan stated the team will shift all focus to AI Agent collaboration platform Multica. Over the past three years, Devv has served millions of developers worldwide. Launched in October 2023, Devv entered the market at a time when large language models (LLMs) still struggled to search for the latest programming resources, forcing developers to toggle between search engines and ChatGPT. Devv built a specialized search index for programmers, integrating technical documents and GitHub code to deliver answers directly via AI. Within four weeks of launch, its weekly active users reached 25,000. Later, it rolled out paid subscriptions, with first-month revenue exceeding $28,000. But in just three years, AI search is no longer a novelty. ChatGPT and Claude can now browse the web for information, and coding agents like Claude Code and Codex go a step further: they can independently search for resources, write code, run tests, and complete tasks directly for developers. Devv’s once-proud differentiator has gradually become a core capability of general-purpose AI tools. In fact, Zhang Jiayuan revealed as early as May this year that Devv would be discontinued. The team also previously tried an AI coding product called DevCode, but ultimately abandoned it. Now, they are betting on Multica. This time, instead of building search tools or coding agents themselves, the team lets multiple agents collaborate like team members: users assign tasks, agents execute, update progress, proactively flag issues, and submit results for review. From “helping programmers find answers” to “letting AI get the job done itself”, Devv’s shutdown perfectly encapsulates the evolution of developer tools over these three years.

London-based stablecoin yield firm OpenTrade announced that former Swift CEO Lazaro Campos has been appointed as its chairman, and will assist the company in expanding its operations. The firm disclosed that its trading volume exceeded $1 billion over the past 12 months, with its current total value locked (TVL) standing at $300 million. OpenTrade closed a $17 million funding round in May, led by Mercury Fund and Notion Capital, bringing its total raised capital to $32 million. The company provides infrastructure for fintech firms, crypto exchanges, and digital wallets, enabling these entities to offer USD and EUR-denominated yields backed by real-world assets. (CoinDesk)

According to official announcements, Amazon, Coinbase, Strategy, Intel, and SanDisk will release their quarterly financial results in the early hours of October 30 (Beijing Time). Currently, OKX’s prediction readings for the five companies’ “whether this quarter’s earnings will exceed expectations” stand at 52%, 65%, 74%, 56%, and 54% respectively, while their predictions for a price rise on the first full trading day after earnings are 46%, 67%, 60%, 45%, and 45% respectively. Among these, Strategy’s earnings beat prediction ranks first among the five; Amazon, Intel, and SanDisk all have earnings beat predictions close to 50%, reflecting relatively high divergence. Users can access OKX App’s “Planet” section, under the “Play & Earn US Earnings Season” tab, to view earnings analysis and participate in related prediction activities, with a chance to split a total prize pool of $250,000. Additionally, the second phase of the “Earnings Winner” campaign is ongoing, with participants able to join targeted prediction contests to compete for a 10,000 USDT winning streak reward.