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More →GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
<strong>[PRESS RELEASE – Singapore, Singapore, October 20th, 2026]</strong> <strong>The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0.</strong> <a href="https://grvt.io/" rel="nofollow noopener" target="_blank">>Grvt</a>, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation’s token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market. The transaction permanently removed close to 1% of GRVT’s circulating supply at the time of purchase. It marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026. <strong>A Discretionary Buyback with On-Chain Verification</strong> The Foundation’s token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer’s discretion, with no predetermined purchase amount or guaranteed schedule. Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation. The transactions can be independently verified through the <a href="https://grvt.io/exchange/buybacks" rel="nofollow noopener" target="_blank">>public buyback dashboard</a>, which records the number of tokens purchased and burned, the percentage of circulating supply represented, cumulative burns and on-chain transaction hashes. “The GRVT token is an important part of the ecosystem we are building,” said <strong>Hong, co-founder and CEO of Grvt</strong>. “We welcome the issuer’s buybacks as a demonstration of its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer’s buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply.” <strong>Grvt Outlines Four Product Milestones</strong> The announcement follows GRVT’s token generation event in July 2026 and precedes a series of planned launches. <strong>Grvt Earn, scheduled for the End of October,</strong> will introduce yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to derive from underlying asset cash flows, including interest, premiums and invoice-related income. Asset-supplying partners will be announced at launch. Target yields are not guaranteed. <strong>Stable Funding Perps, scheduled for November,</strong> will introduce perpetual futures linked to commodities, stocks, foreign exchange and indices. The contracts are planned to carry zero trading fees and use once-daily funding. Grvt aims to list more than 1,000 markets by the end of December 2026. <strong>Yield as Margin, also scheduled for November,</strong> will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield, subject to applicable product terms
OpenAI Buys Orchestra Bio to Put AI Agents in Charge of Drug Development Grunt Work
OpenAI has bought Orchestra Bio, a San Francisco startup whose AI agents help drug companies keep sprawling development programs on schedule, the ChatGPT maker <a href="https://openai.com/index/openai-to-acquire-orchestra-bio/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>announced Tuesday</a>. “Our goal is to help scientists make discoveries and manage the work needed to turn them into treatments that reach patients sooner,” OpenAI said in the announcement. Orchestra’s team and platform will be folded into <a href="https://openai.com/rosalind/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>Rosalind</a>, OpenAI’s family of AI models and tools for biologists and chemists. The financial terms were not disclosed. Getting a new medicine from first idea to U.S. approval takes time—up to 15 years according to OpenAI. Every month shaved off that timeline is a month earlier that a new treatment can reach the people waiting for it, and a month earlier that the company can generate cash. The process is also absurdly expensive: bringing one approved drug to market can cost more than <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC12668846/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>$2.6 billion</a>, and <a href="https://arxiv.org/pdf/2106.05386" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">fewer than 10%</a> of candidates that enter human testing ever make it to pharmacy shelves. Beyond the science itself, OpenAI says drug teams have to coordinate work across internal departments and outside partners, often relying on systems that don’t talk to each other. Those partners usually include contract research organizations, the outside labs hired to run studies, and contract manufacturers that produce the experimental drug. Orchestra’s AI agents—software that can watch over tasks and flag problems on its own—work out which activities and deadlines take the hit, gather the relevant information and compare ways to respond, while scientists and program leaders make the final call. Founded in the fall of 2022, Orchestra raised its <a href="https://jobs.8vc.com/companies/orchestra/jobs/28818089-senior-software-engineer" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>seed round</a> from Andreessen Horowitz, Definition Capital, Insight Partners, and 8VC, and about $20 million in total, according to <a href="https://www.caplight.com/company/orchestra-bio" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">Caplight data</a>. The company should not be confused with Orchestra BioMed, an unrelated Nasdaq-listed medical device maker that trades under the ticker OBIO. In April, OpenAI launched <a href="https://decrypt.co/364783/openai-gpt-rosalind-drug-discovery-life-sciences-model" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">GPT-Rosalind</a>, a model built specifically for biology and dru
The Blockchain Association submitted comments to the U.S. Treasury Department, requesting clarification of the regulatory boundaries of the GENIUS Act.
The Blockchain Association has submitted comments to the U.S. Treasury Department, calling for clarity on the regulatory boundaries in the GENIUS Act regarding software, offshore stablecoin issuers, and liability attribution. The association argues for distinguishing client-facing financial operations from self-custodial software and validators, and proposes that enforcement should be premised on actual knowledge and substantive assistance, rather than treating ordinary secondary market activity as evidence of participation in illegal stablecoin issuance.
The Ministry of Industry and Information Technology is promoting the deep integration of artificial intelligence with manufacturing, and the State-owned Assets Supervision and Administration Commission is establishing a national data group.
According to CoinWorld news, the Ministry of Industry and Information Technology is researching and drafting policy measures for a new generation of intelligent manufacturing to accelerate the deep integration of artificial intelligence and manufacturing. Meanwhile, the State-owned Assets Supervision and Administration Commission announced the establishment of the "National Data Group," and analysts believe that data element reform is moving from "decentralized exploration" toward "national coordination." Institutions pointed out that industrial software, as the core cornerstone of intelligent manufacturing, will drive the intelligent transformation and upgrading of the manufacturing industry. Supermicro's after-hours gain reached 14%, with the company's preliminary Q1 results standing out.
Webull plans to open Bitcoin perpetual contract trading in November.
Coin World news, according to The Wall Street Journal, U.S. online brokerage Webull (NASDAQ: BULL) plans to open perpetual contract trading to eligible U.S. customers starting in November, with the first batch of products including Bitcoin and other crypto assets, and plans to expand access before the end of the year. The contracts will be listed on the Kalshi exchange, which is regulated by the U.S. Commodity Futures Trading Commission (CFTC), and cleared by Kalshi's clearinghouse. Webull users approved for futures trading will be able to trade through their existing futures accounts.
A court in Kazakhstan has banned six crypto platforms from providing services in the AIFC.
According to CoinWorld news, the Astana Financial Services Authority (AFSA) of Kazakhstan has obtained an injunction from the Astana International Financial Centre (AIFC) Court prohibiting six crypto platforms—Coinbase, BingX, Bitcoin.com, Huobi Global (HTX), BitMart, and Weex—from operating within the AIFC territory and distributing mobile applications without a license. The court clarified that the injunction applies only to the AIFC financial center, which has its own independent legal and regulatory framework, and to local users there, and is not a nationwide ban across Kazakhstan. The ruling also imposes constraints on app stores such as Google and Apple, but the court has not yet issued a direct injunction against the app stores, requiring AFSA to communicate with them first. In addition, LBank was removed from the judgment because it has already blocked services in the country. Previously, in 2023, Coinbase had its website blocked in Kazakhstan over alleged violations of the country's Digital Assets Law.
Nvidia is in talks to invest in Australian cloud service provider Firmus, with the amount expected to reach hundreds of millions of dollars.
According to CoinWorld news, Nvidia is in talks to invest in Australian AI cloud service provider Firmus, with the investment amount expected to reach hundreds of millions of dollars. Nvidia has already committed more than $170 billion in funding to neocloud-type companies and other large customers, including providing credit guarantees to help them obtain debt financing.
South Korea's Ministry of Economy and Finance met with five exchanges: no clear decision yet on postponing or abolishing the taxation of virtual assets
According to CoinWorld news, South Korea's Ministry of Economy and Finance has convened a symposium on virtual asset taxation together with five exchange operators—dunamu, bithumb, digitalx, coinone, and streami—as well as institutions including South Korea's Financial Services Commission, to discuss the current taxation regulations, the market environment, tax preparation work, and the postponement or abolition of the tax, but no clear decision was made on the relevant measures. South Korea's virtual asset taxation policy was established in 2020 and was originally scheduled to take effect in 2022, but has since been postponed to 2023, 2025, and 2027. South Korea's National Tax Service is currently preparing the relevant detailed rules, and matters such as staking still need to be negotiated with the Ministry of Economy and Finance. If the detailed rules are announced next month, only about two months will remain before the planned implementation date.
OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, oppose tokenized stock trading through their joint venture.
According to CoinWorld news, Andrew Cuomo, co-chair of the joint venture between OKX and ICE, the parent company of the New York Stock Exchange, said that corporate opposition to tokenized stock trading is a normal and expected reaction, and that many companies prefer to wait and see rather than be the first to participate. Currently, 16 companies have objected to the tokenized trading of their shares on the proposed OKXICE platform, including Microsoft, Alphabet, Goldman Sachs, Broadcom, and others. The U.S. SEC previously introduced a five-year innovation exemption allowing eligible platforms to experiment with tokenized stock trading through automated market makers (AMMs) and liquidity pools, and granting issuers the right to opt in or out, with limits on the number of participating stocks and trading volume. Cuomo emphasized that the mechanism is essentially a restricted pilot. Carlos Domingo, CEO of Securitize, noted that issuers are mainly concerned about issues such as pricing, investor protection, and shareholder rights, and that opposition to OKXICE's trading arrangements does not mean opposition to other stock tokenization proposals.
OpenAI: AI agents disable internal safety monitoring systems
CoinWorld news: OpenAI stated that it discovered an AI agent disabling its internal safety monitoring system, and the agent subsequently falsely denied having done so.