10.26 AI Daily AI Empowering Financial Trading, Domestic Models Perform Outstandingly

1. Headlines

1. The trading test of large artificial intelligence models has sparked heated discussions, with domestic AI models performing remarkably well.

The AI large model trading test Alpha Arena organized by the artificial intelligence research lab nof1 has been underway for a week. The six mainstream AI large models participating in the test have obtained $10,000 in real funds for trading on Hyperliquid. As of the time of writing, Qwen 3 Max developed by Alibaba Cloud ranks first with a return rate of 79.43%, while DEEPSEEK CHAT V3.1 ranks second with a return rate of 41.59%, making them the only two profitable AI models so far.

This test aims to evaluate the actual performance of AI large models in the field of financial trading. Although still in the early stages, the results indicate that domestic AI models have strong capabilities in formulating and executing trading strategies. Analysts believe this reflects significant progress in China's fundamental research and application development in artificial intelligence, providing new opportunities for AI to empower the real economy.

2. Consider integrating the U.S. business and directly entering the U.S. cryptocurrency market.

According to reports, cryptocurrency exchanges are considering a range of strategic options, including integrating their U.S. branches into their global operations or allowing global trading platforms to enter the U.S. market directly. Currently, the operations of .US are limited and structurally remain independent from the global exchanges.

Industry insiders analyze that this move may pave the way for integrating U.S. operations, allowing American investors to directly access the platform's liquidity and derivatives services. However, due to the complex regulatory environment in the U.S., whether the integration plan can be successfully realized remains to be seen. In any case, this trend reflects the determination of cryptocurrency exchanges to strengthen their presence in the U.S. market.

3. Vitalik warns that the security of blockchain faces off-chain risks, urging developers to pay attention.

Ethereum co-founder Vitalik Buterin issued a warning, stating that although blockchain itself has immutable security features, off-chain trust introduces new risks. He emphasized the potential threats posed by the complexities of cross-chain bridging and Layer 2 scaling solutions, urging developers to pay attention to these risks.

Vitalik's remarks have sparked heated discussions. Supporters believe that he has accurately pointed out the weak links in blockchain development, which helps to raise security awareness; however, there are also skeptical voices that argue he may have exaggerated the risks and overlooked the fact that related technologies are continuously improving. Regardless, Vitalik's warning has sounded a new risk alert for the industry.

4. Ghana will introduce cryptocurrency regulation legislation by the end of the year.

The Governor of the Bank of Ghana, on Asiama, stated at the International Monetary Fund meeting that the country will introduce cryptocurrency regulatory legislation by the end of 2025. It is reported that approximately 3 million people in Ghana use cryptocurrency, accounting for nearly 9% of the national population.

Analysts point out that Ghana's decision to regulate cryptocurrencies reflects the increasing importance that African countries place on digital assets. As the influence of cryptocurrencies continues to grow in the African region, establishing a clear regulatory framework will help standardize market order, protect investor rights, and prevent financial risks. This initiative will also serve as a reference for cryptocurrency regulation in other African countries.

5. Coinbase CEO: Entrepreneurs should raise funds on-chain to improve efficiency and transparency.

Coinbase CEO Brian Armstrong posted on social media, calling for entrepreneurs to shift their fundraising to on-chain. He listed three main reasons: first, on-chain processes can be automated through smart contracts, significantly improving efficiency; second, the rules are public and transparent, avoiding information asymmetry; third, all fundraising-related information is stored on-chain and can be verified, greatly enhancing transparency.

Brian Armstrong's views have sparked heated discussions. Supporters believe that on-chain financing can indeed address various pain points in traditional financing and is the future direction of development; however, some also question that on-chain financing faces numerous challenges such as regulation and technology, making it difficult to completely replace traditional models in the short term. Regardless, this suggestion provides new ideas for financing innovative enterprises.

2. Industry News

1. Bitcoin breaks through the $112,000 mark, market sentiment is optimistic.

The price of Bitcoin broke through the key resistance level of $112,000 on October 26, reaching a daily high of $113,000. This rise was mainly driven by favorable macroeconomic data and investor optimism about the prospects of cryptocurrencies.

Analysts point out that the rise of the U.S. Manufacturing Purchasing Managers' Index ( PMI ) suggests that the Bitcoin cycle may exceed historical standards. Additionally, the Federal Reserve is expected to initiate a rate cut cycle within the year, which would be beneficial for risk assets. Coupled with the continuous influx of institutional investors, this provides momentum for Bitcoin's upward movement.

However, Bitcoin has pulled back after breaking through $112,000, indicating that there are still some doubts in the market about further increases. Investors need to closely monitor whether Bitcoin can maintain its upward momentum in this round of increases and break through the next important resistance level of $120,000. If it cannot break through, Bitcoin may oscillate within the current range for a period of time.

2. Ethereum surged and then fell back, off-chain verification risks triggered warnings.

The price of Ethereum briefly broke the $4000 mark on October 26, reaching a daily high of $4022. However, it then fell back and closed still hovering above $4000.

The main reason for the rise of Ethereum is the continuous heating up of applications such as DeFi and NFTs in the Ethereum ecosystem, which has driven the demand for Ether. In addition, Layer 2 scaling solutions for Ethereum, such as Rollup and Danksharding, have also added confidence to its long-term development prospects.

However, Ethereum founder V God ( Vitalik Buterin ) posted a warning on social media, stating that although the Ethereum blockchain itself has a high level of security, issues of trust regarding off-chain validators could pose new risks. This statement has raised market concerns about the security of Ethereum.

Analysts say that after Ethereum broke through the $4000 mark, it has retraced, reflecting divergent views among investors regarding the future trend. If Ethereum can break through and stabilize above $4000 in the next few weeks, it will lay the foundation for further upward movement. However, if it falls below $4000, it may enter a phase of consolidation and adjustment.

3. The Solana ecosystem concept coin PayAI surged, attracting attention to the X402 protocol.

The Solana ecosystem concept coin PayAI saw a surge on October 26, with an increase of up to 39.62% within 24 hours, and its market value surpassed 31 million USD.

The surge of PayAI is mainly driven by positive news regarding the X402 protocol. X402 is a new type of payment protocol that allows users to make seamless payments across different blockchain networks. As one of the first projects in the Solana ecosystem to support the X402 protocol, PayAI has received enthusiastic market attention.

Analysts believe that the emergence of the X402 protocol is expected to address many pain points currently existing in cryptocurrency payments, such as low efficiency and high transaction fees, thereby promoting the large-scale application of cryptocurrency payments. For the Solana ecosystem, the X402 protocol will further enhance its competitiveness in the payment sector.

However, the X402 protocol is still in its early stages, and its security and scalability need further verification. Investors should remain cautious when investing in related concept coins and closely monitor the development progress of the protocol.

4. Dogecoin is approaching a key resistance level again, and the third bull market cycle may be about to start.

The famous Dogecoin approached the key resistance level of $0.1977 again on October 26. Analysts believe that if Dogecoin can successfully break through this level, it is likely to initiate a new bullish market cycle.

The main reason driving the rise of Dogecoin is the similarity of its price pattern to the bull market phases in 2017 and 2021. In addition, the continued activity of the Dogecoin community and its rising popularity on social media platforms like Twitter have also injected momentum.

However, some analysts are cautious about the upward prospects of Dogecoin. They point out that Dogecoin lacks practical application scenarios, and its price is mainly driven by speculative sentiment, which poses significant volatility risks.

Regardless, Dogecoin will be a hot coin worth paying attention to. If it can indeed initiate a new bull market cycle, it will bring considerable returns to investors. However, it is also necessary to be vigilant about potential downside risks.

5. XRP futures trading volume surges, institutional demand hits new high

The trading volume of XRP futures and options on the CME Group surged on October 26, reaching a record $26.9 billion, reflecting the accelerating demand for XRP among institutional investors.

The main reason for the surge in XRP futures trading volume is that XRP has made some progress in regulatory disputes, making its prospects clearer. In addition, the application of XRP in areas such as cross-border payments has also been further promoted, bringing actual demand.

Analysts believe that the significant increase in XRP futures trading volume indicates that institutional investors are increasing their allocation to XRP. This not only brings liquidity to XRP but also strengthens the market's confidence in its long-term prospects.

However, some analysts are cautious about the regulatory risks associated with XRP. They believe that the regulatory disputes surrounding XRP have not been fully resolved, and there is still a degree of uncertainty in the future. Therefore, investors need to carefully assess the risks when investing in XRP.

6. Chainlink partners with the Federal Reserve, LINK price rises sharply in the short term.

The co-founder of Chainlink revealed on social media that the Federal Reserve can build a custom Chainlink oracle network by selecting specific nodes and compliance rules. This news caused a short-term spike in the price of LINK on October 26.

Analysts believe that Chainlink's collaboration with the Federal Reserve will further enhance the position of Chainlink oracles in institutional-level applications. As one of the most influential central banks in the world, the Federal Reserve's adoption of Chainlink oracles will bring significant recognition to the latter.

Meanwhile, the application of Chainlink oracles in areas such as DeFi and NFTs is also continuing to expand. This will provide support for the long-term rise in the price of LINK.

However, some analysts have questioned Chainlink's monopoly position in the oracle field. They believe that more competitors may emerge in the future, which would dilute Chainlink's market share. Therefore, investors need to closely monitor Chainlink's performance in technological innovation and ecosystem development.

7. Solana whales make large purchases, SOL price stabilizes at 190 USD

On-chain data shows that a Solana whale spent $8.37 million to significantly increase their SOL holdings on October 26, sparking market attention on the future trend of Solana.

Analysts believe that this significant increase in holdings reflects institutional investors' confidence in the long-term development prospects of the Solana ecosystem. As a high-performance public chain, Solana has broad application prospects in areas such as DeFi, NFTs, and GameFi.

In addition, the emergence of new projects and protocols in the Solana ecosystem, such as the X402 payment protocol, has injected new vitality into it. These factors will support the rise in the price of SOL.

However, some analysts have raised concerns about Solana's scalability and level of decentralization. They believe that in pursuit of high performance, Solana may sacrifice decentralization and security. Therefore, investors need to closely monitor Solana's performance in these areas.

8. Cardano's ecosystem activity is on the rise, and the price of ADA is expected to welcome a new round of increases.

Data shows that the number of active addresses and transaction volume in the Cardano ecosystem rebounded on October 26, which may indicate that the price of ADA is about to rise again.

Analysts point out that the main reason for the resurgence of activity in the Cardano ecosystem is that some new projects and features of Cardano are gradually being implemented, injecting new momentum into the ecosystem.

For example, the decentralized exchange SundaeSwap on Cardano has seen a significant increase in trading volume in recent weeks; meanwhile, Cardano's smart contract capabilities are continuously being improved, attracting more DeFi projects to settle in. In addition, NFT projects within the Cardano ecosystem are also emerging one after another.

Analysts believe that if the activity level of the Cardano ecosystem can continue to rise, it will lay the foundation for the increase in the price of ADA. However, some analysts have raised doubts about the speed of Cardano's development, arguing that it is lagging behind other public chains. Therefore, investors need to closely monitor Cardano's progress in ecosystem development.

9. Polkadot ecosystem concept coin LUNC surges, DOT price rises sharply in the short term.

The Polkadot ecosystem concept coin LUNC experienced a surge on October 26, with a 24-hour increase of up to 78%, attracting market attention. Meanwhile, the price of DOT also saw a short-term rise.

Analysts believe that the main reason for the surge in LUNC is that its associated Polkadot ecosystem is continuously heating up. As a cross-chain protocol public chain, Polkadot has unique advantages in terms of composability and interoperability, attracting more and more projects to settle in.

In addition, some popular projects in the Polkadot ecosystem, such as Acala and Moonbeam, have also made good progress recently, bringing benefits to the entire ecosystem.

3. Project News

1. The Vultisig wallet project has sparked controversy, with the founder being accused of moral shortcomings.

Vultisig is a cryptocurrency wallet project based on multi-party computation (MPC) technology, aimed at improving asset security. The project has received support and investment from institutions such as Arca and Delphi. However, recently the project's founder has faced criticism from “on-chain detective” ZachXBT, accusing them of ethical shortcomings.

ZachXBT stated that the founder of Vultisig refused to refund any fees incurred from illegal activities, and the related project had previously employed North Korean IT personnel to conduct phone scams via Telegram, resulting in the founder's personal wallet being attacked by malware. ZachXBT believes that if a serious incident occurs in the future, the founder may avoid taking full responsibility.

Although ZachXBT did not directly label Vultisig as a “scam,” his accusations have sparked widespread attention and discussion within the cryptocurrency community. Some analysts believe that ZachXBT's criticism reveals potential ethical and compliance risks associated with the project, which could affect investor confidence. Others argue that ZachXBT's statements may be biased and that more evidence is needed to support his claims.

Regardless, this incident has once again raised concerns about the ethical conduct of cryptocurrency project founders. Many investors are calling for greater transparency and accountability in the crypto space to ensure that the actions of project teams align with ethical and legal standards, maintaining the healthy development of the entire industry.

2. Sui is gaining attention, and the Move ecosystem continues to expand.

Sui is an emerging public chain based on the Move language. Recently, its token SUI has seen a significant price increase, attracting widespread attention in the market. As an important component of the Move ecosystem, the development of Sui also reflects the ongoing expansion trend of the Move ecosystem.

The Move language was originally developed by Meta(Facebook) for writing smart contracts for Diem(, which was previously known as Libra). Subsequently, Move was open-sourced and adopted by multiple projects, forming the Move ecosystem. In addition to Sui, projects such as Aptos and Movement are also built on the Move language.

The key innovation of Sui lies in its use of a completely new execution engine and parallel execution model, aimed at improving throughput and scalability. At the same time, Sui also introduces a new model of digital asset ownership, allowing users to have true ownership of digital assets.

Multiple technical analysts believe that the quality of Sui's technical documentation is high, reflecting its outstanding technical strength. At the same time, Sui has launched applications such as SuiPlay, injecting vitality into the ecosystem. However, the number of tradable assets for Sui is currently limited, and there are few star projects, which may affect its short-term development.

Overall, the Move ecosystem is gradually growing, and the rise of projects like Sui and Aptos is expected to further promote the development of the Move ecosystem. However, at the same time, the Move ecosystem also faces intense competition and needs to continue innovating to solidify its position.

3. aixbt implements x402 protocol integration, AI and Web3 merge to achieve another milestone

aixbt is an AI-based cryptocurrency analysis tool that recently announced its integration with the x402 protocol, marking a new step in the fusion of AI and Web3. aixbt is now available for query and use on the Base network through the x402 protocol, and will provide more access permissions in the future.

aixbt is developed by aixbt labs, utilizing artificial intelligence technology to analyze cryptocurrency market data, providing users with project evaluations, investment advice, and other services. This integration with the x402 protocol will further enhance aixbt's functionality, enabling it to more efficiently acquire and process on-chain data.

The x402 protocol is a decentralized payment protocol that allows anyone or any application to send and receive payments on any blockchain without a centralized intermediary. By integrating with x402, aixbt can more easily access on-chain data, providing users with more comprehensive analytical services.

Industry insiders believe that this integration marks a further fusion of artificial intelligence and blockchain technology. In the future, AI is expected to play a greater role in the cryptocurrency field, enhancing user experience, optimizing processes, and increasing security, among other things. At the same time, blockchain technology can also provide reliable data sources and operating environments for AI.

However, some analysts remind us that the integration of AI and blockchain is still in its early stages, and there are still many challenges in terms of compatibility, privacy protection, and other aspects that need continuous innovation and development. Overall, the integration of aixbt and x402 protocols is a new progress in the fusion of AI and Web3, which deserves continuous attention from the industry.

4. Giggle Academy releases a scam prevention announcement, distinguishing itself from the GIGGLE token.

The educational platform Giggle Academy recently issued a fraud warning, stating clearly that the platform has never issued any tokens and is not related to the GIGGLE token. This announcement aims to prevent users from confusing Giggle Academy with the GIGGLE token.

Giggle Academy is a platform focused on promoting high-quality education globally, providing users with diverse learning resources through online courses and community activities. Meanwhile, GIGGLE is a meme coin that has recently seen some increase in the crypto market.

The announcement pointed out that Giggle Academy focuses on education and is not related to any investment activities, thus having no connection with the GIGGLE token. The platform urges users to be cautious of any requests for funds or downloads to avoid being scammed.

Analysts say that this announcement helps to maintain the brand image of Giggle Academy and avoid being affected by the speculative behavior of the GIGGLE token. At the same time, it reflects the bubble nature of meme coins, reminding investors to view such tokens rationally and be aware of the risks.

Overall, the announcement from Giggle Academy aims to distance itself from the GIGGLE token, maintain its reputation, and reflects the high importance placed on fraud prevention in the cryptocurrency field. For investors, it is crucial to remain rational and vigilant.

5. Ghana will introduce a cryptocurrency regulatory bill by the end of the year.

The Governor of the Bank of Ghana, on Asiama, stated at the International Monetary Fund meeting that Ghana will introduce a cryptocurrency regulatory framework by the end of 2025, aimed at regulating the country's cryptocurrency market.

It is reported that approximately 3 million people in Ghana are using cryptocurrencies, accounting for nearly 9% of the national population. To better manage and supervise crypto assets, the Central Bank of Ghana issued a cryptocurrency regulatory draft in August 2024 and has been advancing related legislative work.

Asiama stated that the cryptocurrency regulatory bill has been submitted to Parliament for review and is expected to complete the legislative process by the end of December. The new bill will set a regulatory framework for Ghana's cryptocurrency market, regulating the operations of exchanges, wallet service providers, and other institutions, as well as establishing anti-money laundering and consumer protection measures.

Cryptocurrency regulation has always been a global challenge. On one hand, excessive regulation may stifle innovation; on the other hand, a lack of regulation may foster illegal activities. Analysts believe that Ghana's approach is relatively balanced and is expected to strike a balance between promoting innovation and preventing risks.

Overall, cryptocurrency regulatory legislation will bring greater certainty to the Ghanaian crypto market, helping to attract more institutions and funds, and promoting healthy industry development. However, the formulation and implementation of specific regulations will require joint efforts from the government and all parties in the industry.

4. Regulation & Policy

1. The State Council released a report: implement a moderately loose monetary policy to promote a reduction in social financing costs.

On October 26, the State Council submitted a report on the financial work situation for review by the Standing Committee of the National People's Congress. The report pointed out that China will implement a moderately loose monetary policy in detail to create a suitable monetary and financial environment for consolidating and expanding the economic recovery momentum.

As the highest executive body in China, the State Council clarified the overall direction of future monetary policy in the report. The moderately loose monetary policy aims to maintain a reasonable level of money supply and provide sufficient financial support for the development of the real economy. The report emphasizes the implementation of various monetary policy measures that have been introduced, continuously releasing the effectiveness of policies, and studying new policy initiatives.

At the same time, the State Council will strengthen the implementation and supervision of interest rate policies, promoting a reduction in the overall financing costs for society. This measure will help alleviate the financing pressure on enterprises and reduce the operating costs of the real economy. Lowering financing costs will help stimulate the vitality of market entities, promote investment and consumption, and inject new momentum into economic recovery.

Market participants believe that the State Council's policy deployment conveys a determination to maintain stable economic operation. A moderately loose monetary policy will provide ample liquidity for financial institutions, support credit issuance, and inject vitality into the development of the real economy. At the same time, lowering financing costs will boost corporate confidence and promote investment and employment.

However, some analysts also remind that the implementation of monetary policy needs to be coordinated with other policy tools to form a combined force. For example, appropriate measures also need to be taken in fiscal policy to create a favorable environment for the development of the real economy. Only with coordinated efforts from various policies can the effectiveness of the policies be maximized, promoting stable and healthy economic development.

2. Bank of Ghana Governor: Cryptocurrency regulatory framework will be introduced by the end of 2025.

The Governor of the Bank of Ghana, John Asiama, stated at the International Monetary Fund meeting that the country will introduce comprehensive cryptocurrency regulatory legislation by the end of 2025.

Ghana is one of the countries in Africa where cryptocurrency usage is relatively active. According to statistics, there are currently about 3 million people using cryptocurrency in the country, accounting for nearly 9% of the national population. However, due to the lack of a clear regulatory framework, the development of cryptocurrency in Ghana faces certain legal risks.

To this end, the Bank of Ghana released a cryptocurrency regulatory draft as early as August 2024, aimed at establishing an orderly and transparent cryptocurrency market environment. After more than a year of discussion and revision, the relevant regulations are about to be officially issued.

According to the content of the draft, cryptocurrency exchanges and other service providers need to obtain permission from the central bank to conduct business. At the same time, cryptocurrencies will be regarded as a financial asset and must comply with relevant regulations such as anti-money laundering and consumer protection. In addition, the regulations will also standardize the issuance, trading, and custody of cryptocurrencies.

The Central Bank of Ghana hopes to create an orderly and transparent environment for the cryptocurrency market through the introduction of regulations, protecting investors' rights while also providing necessary regulatory tools for supervisory authorities.

Industry insiders believe that the introduction of cryptocurrency regulatory regulations will inject new vitality into the development of Ghana's cryptocurrency industry. On one hand, a clear regulatory framework will enhance investor confidence; on the other hand, it will also attract more cryptocurrency companies to set up operations.

However, some experts remind that cryptocurrency regulation needs to strike the right balance; it must prevent risks while not stifling innovation. Only by balancing the relationship between risk and innovation can the cryptocurrency industry achieve substantial development in Ghana.

3. The regulatory agency in Nevada, USA, issued a cease and desist order to the cryptocurrency custody company Fortress Trust.

On October 26, according to Bloomberg, regulators in Nevada, USA issued a “cease and desist” order to the cryptocurrency custody firm Fortress Trust(, now renamed Elemental Financial Technologies), citing that its liquidity is “severely insufficient” and it is unable to fulfill client withdrawal obligations.

Fortress Trust is a cryptocurrency asset custody company based in Nevada that provides digital asset storage and management services for institutional clients. However, according to court documents, the company is currently facing a funding crisis, owing clients over $8 million in fiat currency and $4 million in cryptocurrency, while having less than $200,000 in cash and about $1 million in cryptocurrency left on its balance sheet.

The Nevada Department of Financial Institutions is highly concerned about this and believes that Fortress Trust is no longer able to continue operations and poses significant risks. To protect investors' interests, the regulatory agency had no choice but to issue a cease and desist order, requiring the company to immediately stop all business activities.

In fact, this is not Fortress Trust's first financial crisis. As early as 2023, the company lost millions of dollars due to a hacking incident. At that time, Ripple intended to acquire Fortress Trust, but ultimately abandoned the plan after learning about its financial condition.

Industry insiders analyze that Fortress Trust has come to this point mainly due to imbalances in internal control management and improper fund operations. As a cryptocurrency custody institution, if it cannot properly safeguard client assets, it will inevitably lose market trust.

The strong intervention of regulatory authorities this time has also sparked industry attention on cryptocurrency asset custody services. Experts have called for cryptocurrency custody companies to establish a sound internal control system, standardize business processes, and effectively ensure the safety of customer funds. At the same time, there is a need to strengthen industry self-discipline and improve the professional ethics and standards of practitioners.

Overall, the Fortress Trust incident has once again sounded the alarm for regulation. Only under the premise of compliance and transparency can the crypto asset custody industry achieve long-term development.