On October 28, Fortune reported that financial AI startup Casap announced the completion of $56 million in Series B funding, led by Base10 Partners, with Synchrony and Experian participating as strategic investors. The company's total funding has reached $90 million. Founded in 2023, Casap's AI tools assist banks and credit card companies in handling disputes and chargebacks. The company disclosed that clients using the tool have seen first-party fraud losses reduced by up to 51%, with chargeback win rates increasing to 96%, compared to the industry average of 60%. The average dispute resolution time has been shortened to 8 days, while traditional methods can take up to 90 days. The valuation for this round has not been disclosed.

On October 28, Bloomberg reported that Kalshi CEO Tarek Mansour stated that the prediction market platform is discussing increased user protection measures with U.S. regulators due to research showing that most users are in a losing position. Kalshi is willing to accept raising the participation age threshold to 21 years. The specific measures include a monthly deposit limit of $2,500 for users under 21 and the establishment of special accounts to curb high-risk trading. Mansour noted that Kalshi is an exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC) and does not directly act as a counterparty for user trades, with users' lost funds flowing to other traders. However, he also acknowledged the need for the platform to work with regulators to establish protective rules to address existing regulatory gaps.

On October 28, Thailand's Supreme Court ruled in case No. 4929/2569 that Bitcoin constitutes 'property' in criminal cases. The case was brought by the Koh Samui Public Prosecutor against a defendant whose victim exchanged $50,000 (approximately 1.878 million Thai Baht) for Bitcoin and transferred it to a criminal gang. The court determined that the elements of property crime were established. The ruling stated that Bitcoin has value according to market conditions, can be exchanged for cash when there are buyers, and can be held by ordinary people, thus it is not an object of no value or intangible. Its value does not disappear simply because it is exchanged for Bitcoin instead of cash. The ruling also pointed out that the Bank of Thailand's position on cryptocurrencies not being legal tender is a separate issue from whether they constitute 'property'. The judgment referenced Article 137 of the Civil and Commercial Code and Sections 309(2), 340(1), and 340(3) of the Criminal Code.

On October 28, according to on-chain analyst Ai Yi (@ai_9684xtpa), PEPE has surged over 14% in the last 24 hours, with its price returning above $0.000005. A wallet marked by Arkham as associated with Sun Yuchen has transferred a total of $48.76 million in PEPE since October 17, with a cost basis of approximately $0.000004115, currently realizing a profit of about $9.62 million. This batch of PEPE accounts for approximately 2.86% of the total supply, making this address the largest individual holder on-chain.

Market data shows that BTC has fallen below $81,000, currently priced at $80,990.32, with a 24-hour increase of 1.23%. The market is experiencing significant volatility, so please ensure proper risk management.

On October 28, Bloomberg reported that AI company Anthropic plans to go public with a valuation that could reach $1.5 trillion, and intends to invest approximately $800 billion in building computing infrastructure, benefiting companies like TSMC, SK Hynix, and Samsung Electronics. Due to strong subscription demand and related restrictions, it is challenging for Asian investors to participate directly, leading them to invest indirectly through crypto derivatives. OKX and Binance have launched perpetual contracts linked to Anthropic's valuation, while contracts on Hyperliquid's EntropyIO platform implied a valuation of about $1.88 trillion at one point. The report also noted that Anthropic's path to profitability remains uncertain, with high AI investment costs and intense industry competition, meaning such proxy investments could also be affected by factors from other industries.

According to information from the China Development Bank, Export-Import Bank, and Agricultural Development Bank, as of October 28, the new policy financial instruments for 2026 have all been issued, totaling 800 billion yuan. Among these, the China Development Bank issued 365 billion yuan, the Export-Import Bank issued 120 billion yuan, and the Agricultural Development Bank issued 315 billion yuan. (Xinhua News Agency)

On October 28, according to Reuters: A senior Iranian official stated that Qatar has not proposed a new plan to end hostilities with the U.S. Several ideas put forward by Qatar are unacceptable to Iran. Iran's uncompromising policy on nuclear issues remains unchanged.

On October 28, CoinDesk reported that DBS Bank commissioned EY to conduct a survey of 422 financial executives from large enterprises across 11 markets, each with annual revenues exceeding $500 million. The results showed that 88% of respondents have either used or piloted tokenized currency, with 24% having deployed it at scale, 43% having limited rollouts in certain markets, and 21% in pilot or proof-of-concept stages. Among the tools being used or planned for adoption, stablecoins accounted for 63%, tokenized deposits for 53%, and tokenized money market funds for 52%. Additionally, 71% of respondents indicated that real-time cross-border payments have improved or are expected to improve within two years. However, regulatory uncertainty, security risks, and challenges in system integration remain significant barriers, with approximately 64% of respondents hoping that banks will serve as a unified entry point into the tokenized currency ecosystem.

On October 28, data from on-chain analysis platform Lookonchain revealed that a trader created a new wallet, 0xb15b, nine days ago, depositing 1.25 million USDC and shorting ETH. Over the following nine days, this address was liquidated 13 times, with a total of 18,080 ETH liquidated, amounting to approximately $43.9 million, resulting in an actual loss of about $1.14 million.