1. SBF: FTX was never actually insolvent, customer assets have always been fully payable.
Former FTX CEO Sam Bankman-Fried (SBF) forwarded a report titled "FTX: Where Did The Money Go?" The report claims that FTX was never actually insolvent, and that customer assets were always sufficient to be fully repaid. The document points out that about 98% of creditors have received 120% compensation, and after paying approximately $8 billion in claims and $1 billion in legal fees, there are still $8 billion in bankruptcy assets remaining. The report accuses the bankruptcy management team of causing a loss of company value and delaying payments for three years, stating that FTX was merely experiencing a "liquidity crisis" rather than a true bankruptcy.
2. Singapore freezes over 800 million yuan of assets belonging to Chen Zhiyu, the leader of a Cambodian telecom fraud group.
The Cambodian Prince Group is accused of operating.

Pan Gongsheng, the governor of the People's Bank of China, reiterated at the "2025 Financial Street Forum Annual Conference" that efforts to combat domestic virtual money operations and speculation will continue, with the market reacting cautiously. This indicates that regulation will be strengthened, gradually enhancing control over virtual money, while also promoting the construction of the digital renminbi. Investors should be wary of policy risks and pay attention to compliance and risk management.

Riot Platforms announced its Q3 2025 financial report, with revenue reaching $180 million, a year-on-year rise of over 100%. The net profit was $105 million, compared to a loss of $154 million in the same period last year. The company mined 1,406 Bitcoins during the quarter, with mining costs at $46,324, and initiated the construction of a new data center.

The decentralized AI trusted verification network DeepSafe has completed a $3 million seed round of financing, with investment institutions including Antalpha Ventures and Spark Digital Capital. It uses advanced Cryptography technology to achieve dynamic verification node selection and supports on-chain and off-chain message verification. So far, it has processed nearly 120 million transactions, with over 2.65 million active accounts.

According to statistics from the Arcium team, multiple Solana projects are actively repurchasing tokens, with varying buyback ratios and methods. For example, deBridge and Pumpfun use 100% of their revenue for buybacks, while Marinade and Metaplex allocate part of their fees for buybacks. Jito and Raydium are also actively conducting buybacks, demonstrating the emphasis different projects place on token management.

Bitcoin Core core developer Luke Dashjr believes that the success probability of BIP 444 is very high, and opponents find it difficult to reject the proposal through reverse forks. He stated that the comments about freezing BTC belong to fear, uncertainty and doubt (FUD), while developer mononaut opposed this and provided examples showing that BIP 444 would freeze some real coins.

In September, the private MM trading volume of Ethereum reached $13.6 billion, utilizing off-chain operations, significantly saving on gas fees. Wintermute dominated 95% of the market, with trades primarily consisting of large transactions, and the average trading volume is three times that of AMM.

Hacker exploited the DeFi protocol Merkl to create unverified activities, deceiving users into depositing USDC into Euler Vault, resulting in losses of over $145,000. Although the platform has indicated it is unverified, YAM urges to increase the difficulty of deposits and add warnings.

Well-known trader Cbb0fe warns that Stream Finance's xUSD may carry risks, as its lending capacity far exceeds on-chain support. Founder Solettyy responded by stating that they are working to improve transparency, and that xUSD is a neutral fund Token with an insurance fund, which will address transparency issues in the future.

Evernorth Holdings is a Ripple-backed company that holds approximately 389 million XRP, valued at around $1 billion, making it one of the largest holders of the Token. The company is led by former Ripple executives, with unrealized gains exceeding $50 million.

Wu reported that Slow Mist's Yu Xian stated that the North Korea-related hacker group BlueNoroff is simultaneously running two attack operations, "GhostCall" and "GhostHire". GhostCall deploys malicious programs by spoofing update packages for conference software such as Zoom and Teams, while GhostHire disguises itself as Web3 job postings, luring developers on Telegram to download toxic test files from GitHub. Yu Xian pointed out that the related Trojan SilentSiphon can steal data from Apple Notes, Telegram, and browser extensions, and access GitHub, AWS, and Google.

Editor | Ivan Wu said Blockchain
This article is the speech transcript of Xiao Feng, Vice Chairman of Wanxiang Holdings and Chairman of Wanxiang Blockchain, at the Shanghai International Blockchain Week on October 23, 2025. In this speech, Xiao Feng titled "Blockchain: The New Financial Infrastructure" systematically reviewed how blockchain has evolved from a peer-to-peer electronic cash system to a new underlying architecture that reconstructs the global financial market since the release of the Bitcoin white paper in 2009. He traced the historical evolution of financial infrastructure starting from the logic of payment, clearing, and settlement, pointing out that the essence of blockchain is a decentralized ledger system capable of achieving "payment equals settlement and transaction equals delivery." The speech deeply analyzed the institutional changes and tokenization competition in the US market, elaborating on the migration process of the financial system from "digital native" to "digital twin," as well as the irreversible trend of asset and currency tokenization. Xiao Feng proposed that,

Trump plans to nominate a new Fed chair before the end of the year, with candidates generally supporting Crypto Assets; Bitwise will list a Spot Solana stake ETF; Bitcoin ETF net inflows are mainly driven by BlackRock; the Hong Kong Securities and Futures Commission is establishing a virtual asset trading monitoring system; Citigroup is collaborating with Coinbase to explore stablecoin cross-border payments.

Author: 100y.eth Compiled by: Block unicorn
Original link: Statement: This article is a reprinted content, and readers can obtain more information through the original link. If the author has any objections to the form of reprinting, please contact us, and we will make modifications according to the author's request. Reprinting is only for information sharing and does not constitute any investment advice, nor does it represent Wu's views and positions.

Key Points Overview

In the cryptocurrency industry, most new concepts go through three stages: hype, infrastructure development, and adoption. However, most new concepts fail to successfully transition from the hype stage to the infrastructure development stage, thereby losing market attention.

x402 is a protocol developed by Coinbase for AI agent payments. It enables AI agents to make payments and access paid resources easily through the blockchain without human intervention.