King, one of Solana’s longest-running arbitrage bots, had about $786,000 in assets stolen; its cumulative PnL was $7.2 million. According to Odaily, Onchain Lens reported that the stolen assets included 4,260 WSOL, 191 SOL and $366,000 in stablecoins. The drain address was BHRayETPjvgg3BCr9H82V1D6NRwxu5v44JAaVuaod3jU, the forwarding address was Ddmy5oM8xtTs1EBC6eF2SZwQfBreewQpFgtUDm51Hkqj, and the victim address was 7dGrdJRYtsNR8UYxZ3TnifXGjGc9eRYLq9sELwYpuuUu.

Animoca Brands said Monday it had received approval to manage investment funds for non-retail clients in Abu Dhabi, completing a regulatory step that expands the company’s asset management operations beyond its earlier focus on mobile games. According to Cointelegraph, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market granted the authorization to Animoca Asset Management (AD) Limited, a subsidiary of Animoca Brands. The license permits the subsidiary to oversee funds that pool capital from professional investors, rather than offering them to the general public. The approval announced Monday took effect on Oct. 13 and completes a process that began with in-principle approval in November 2025. During the intervening months, Animoca also secured a Dubai license in February to provide virtual asset brokerage and investment management services to institutional and qualified investors. The Abu Dhabi authorization adds to the company’s regulated financial services activity in the region. Animoca Brands was spun off from mobile game developer Animoca in 2014. It initially developed and published games based on licensed brands, as well as original titles, before shifting its focus toward blockchain in 2018. The company built an investment portfolio that included OpenSea, Dapper Labs and Sky Mavis, the developer of Axie Infinity. In a September investor update, Animoca described a broader transition from a digital asset and Web3 operator into a regulated financial services institution operating across multiple jurisdictions. The company said digital assets are taking on a more institutional role in its business as it pursues that strategy. Its stated areas of focus include stablecoins, real-world asset tokenization and treasury management. The shift comes amid a broader move by crypto-native companies into traditional financial services.

The United States plans to revoke South Africa’s eligibility for preferential treatment under the African Growth and Opportunity Act (AGOA). According to Sina Finance, citing a statement issued by the Office of the U.S. Trade Representative via email, the United States also plans to revoke Rwanda’s eligibility.

The GPU hourly rate market has formed a daily pricing structure, with cost base price, scarcity premium, and basis price being the three-tiered logic that still determines the true value of computing power.

OpenAI's new algorithm claims to overturn the exponential time hypothesis, which has been used for nearly 30 years, shaking the foundations of computer theory.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

The probability of the Democrats sweeping both houses of Congress has risen to 72%. US stocks may see a short-term rebound after the election results are announced, and the historical bottom window for Bitcoin is worth paying attention to.

OpenAI's $30 billion funding target has shrunk to a commitment of approximately $11 billion, and Anthropic's IPO push may struggle to secure an investment-grade rating, as investors are shifting their focus from story to financial statements.

IOSG's review of 19 midterm elections: The S&P 500 rose in the year following each election, and Bitcoin also closed positive in three cycles, but each experienced a decline first.

The FBI has determined that the theft of over $6 billion from Binance was carried out by the North Korean hacking group TraderTraitor. Elon Musk and CZ exchanged barbs, and Xu Mingxing called for exchanges to unite in their defenses.

Getty Images, the world's largest stock photo agency, has filed for bankruptcy. The impact of AI, coupled with its high leverage debt, has ended its 30-year reign as a copyright powerhouse.

The $630 million theft from Binance exposed the risks of signature systems. Among the four perpetual DEXs—Lighter, Hyperliquid, Aster, and Variational—only Lighter allows you to withdraw your funds automatically when the team is unreachable.

US President Donald Trump said his administration was looking into the record $6.3 billion Binance hack, as the incident intensified calls for stronger federal oversight of cryptocurrency exchanges and new safeguards to protect customer assets.