On October 21st, Bitcoin re-pledging platform Echo completed its Pre-Seed round of financing, with participation from ABCDE Labs, The Spartan Group, Maelstromfund, Selini Capital, Presto Labs, Sats Ventures, Web3Port Labs, Aptos, and Movement Labs. Echo is a Bitcoin liquidity re-pledging infrastructure layer on MoveVM, aimed at introducing BTC liquidity and re-pledging solutions into the Move ecosystem.
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Bitcoin re-staking platform Echo completes Pre-Seed round of financing
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SEC Proposes Exemption for Certain Digital Asset Offerings from Securities Registration
On August 19, the U.S. Securities and Exchange Commission (SEC) proposed to exempt certain digital asset offerings from the requirement to submit securities registration statements, with exemption limits set at a maximum of $5 million and $75 million respectively. The proposal includes specific requirements for issuers, such as submitting financial statements and meeting ongoing disclosure obligations, while establishing safe harbor provisions to exclude the relevant assets from the definition of 'investment contracts' under securities law. This proposal comes at a time when landmark cryptocurrency legislation is stalled in Congress, with the SEC Chair emphasizing the need to develop 'forward-looking' rules that can protect the digital asset industry, while legislative action remains essential. -
Spot Prices of Some Storage Chips Decline
On August 18, according to 21st Century Business Herald, an unusual signal has emerged since the second quarter of this year—some spot distributors of storage chips are willing to lower prices for certain models of NAND storage chips. Third-party organizations in the flash memory market have pointed out that since July, there has been a continuous low-price sales phenomenon for multi-brand eMMC products, leading to a significant price inversion between spot and contract prices, with the spot price of 64GB eMMC already showing a downward trend. eMMC is the standard storage chip for consumer electronics such as set-top boxes, smart TVs, and entry-level smartphones. Against the backdrop of overall high prosperity in the storage industry, this price inversion in this category is particularly striking. This actually indicates that the current storage chip market is heading towards a polarized situation: some consumer markets are facing a scenario where downstream customers cannot bear the price increase of chips, especially evident in the entry-level spot market, where in recent months, distributors have been willing to exchange price for volume to obtain cash flow; meanwhile, the price increase trend in the cloud-side AI or enterprise-level storage market continues, influenced to some extent by the signing of long-term contracts. -
U.S. Stock Market: Storage Sector Opens Lower, SK Hynix Drops 7.4%, SanDisk Falls 8%
On August 18, the U.S. storage sector opened lower and continued to decline, expanding its losses after several days of gains. Micron Technology fell 6.33%, SK Hynix dropped 7.41%, SanDisk decreased by 8.05%, Western Digital declined 7.10%, Seagate Technology fell 7.58%, and Kioxia ADR dropped 10.63%. -
Spot Silver Drops 2% Today, Currently Priced at $64.46 per Ounce
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BTC Surpasses $65,000
Market data shows that BTC has surpassed $65,000, currently priced at $65,005.31, with a 24-hour increase of 2.17%. The market is highly volatile, so please ensure proper risk management. -
Zhejiang Humanoid Robot Innovation Center Releases 'Co-evolution Theory'
The Zhejiang Humanoid Robot Innovation Center has released the practical path of the 'Co-evolution Theory', proposing a collaborative interaction among intelligent algorithms, hardware entities, and development toolchains to advance humanoid robots from demonstration scenarios to large-scale practical operations. Currently, Zhejiang Humanoid has established a complete collaborative product system: the SPIRE intelligent technology system achieves a 94% success rate for complex long-range tasks, with precision assembly accuracy reaching 0.03mm; the NAVIAI hardware matrix covers three product categories: biped humanoids, dual-arm operations, and wheeled arm circulation, with a domestic component localization rate of 91%; the EvoStack toolchain streamlines the entire process from development to operation and maintenance, supporting large-scale batch replication. Related products have been implemented in various fields including industry, services, education, and data collection, with the clothing sector securing the world's first bulk order of 2,000 units. Zhejiang Humanoid will showcase its full-scenario solutions at the 2026 World Robot Conference (2026 WRC). -
AMD Shares Drop 5.53%, Intel Shares Fall 7.35%
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BTC falls below $67,000
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BTC breaks through $67,000
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Crypto Options Traders Bet on Bitcoin to Reach Fresh Highs by End of November
According to Bloomberg, options traders in the crypto market are increasingly betting on bitcoin reaching new highs by the end of November. The $75,000 strike price has the highest open interest for options expiring on November 8, indicating a significant area of focus for the market during that time. Despite the upcoming U.S. presidential election, some traders believe that bitcoin will surpass its previous highs in the coming weeks. The rise in stablecoin liquidity and bitcoin transactions in October may contribute to this bullish sentiment.
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