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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
An address was liquidated on a 13,800 ETH short position, losing $1.11 million.
According to data from Bijie.com: On October 19, an address opened a leveraged short position on 13,830 ETH at a price of $2,366, with the short position valued at $32.72 million. The address did not set a stop-loss and added to the short position yesterday when ETH pulled back to $2,387. Ultimately, all of the short positions were liquidated after ETH rebounded last night. Within two days, the address lost $1.11 million, with its principal dropping from $1.25 million to $140,000.
OKX publishes its 48th proof-of-reserves report, with users holding approximately 142,800 BTC.
CoinWorld data: OKX has published its 48th proof of reserves (snapshot date October 3). User BTC assets total approximately 142,800 BTC, up 2.10% from the previous report (September 8), an increase of 2,944 BTC. User ETH assets total approximately 1.862 million ETH, up 4.26% from the previous report, an increase of 76,159 ETH. User USDT assets total approximately 8.742 billion USDT, up 2.94% from the previous report, an increase of approximately 249 million USDT.
Joe Weisenthal: Maybe I'm wrong—the case for blockchain rather than Bitcoin is worth paying attention to.
CoinWorld news, according to Cointelegraph, Bloomberg's Joe Weisenthal admitted that he may have been wrong to have mocked the "blockchain, not Bitcoin" view. He said that contracts on neutral chains like HyperLiquid could unify traditional finance on a single platform.
Hylo completes a $1 million strategic funding round, led by Solana Ventures.
Coin World News: Hylo, a Solana ecosystem leveraged token and stablecoin protocol, has announced the completion of a $1 million strategic funding round led by Solana Ventures, with participation from Colosseum and several angel investors including Mert Mumtaz, co-founder and CEO of Helius, and Kash Dhanda, Chief Operating Officer of Jupiter. This marks Solana Ventures' second investment in Hylo and Colosseum's third follow-on investment. The Hylo team stated that the next step will be to expand its leveraged tokens to new asset classes such as 3x yield-bearing assets, equities, and commodities, while continuing to build yield and leverage infrastructure around its decentralized stablecoin HyUSD.
Blockaid report: $1.18 billion lost to crypto attacks this year
Bjie.com data: A report from security firm Blockaid shows that between January 5 and August 5 of this year, 60 crypto attacks caused a total of $1.18 billion in losses. Of this, only $9.8 million was returned to victims, $81.4 million was frozen, and $1.04 billion was not recovered. Stablecoin issuer blacklists and exchange interception recovered no funds, and were not activated in any of the 16 incidents where blacklists could have been used. Of the $91.2 million recovered or frozen, 99% came from protocol- or chain-level measures, and the median time for the transfer of stolen funds was 17 minutes.
Edward Robinson: After AI brings productivity gains, central banks may be able to loosen monetary policy.
According to CoinWorld news, Edward Robinson, Chief Economist of the Monetary Authority of Singapore, said on October 20 that once artificial intelligence brings broad productivity gains, central banks may be able to ease monetary policy. At present, the AI investment boom is pushing up demand, and policy should remain restrictive. He pointed out that AI-related investment is driving economic growth, but the technology has not yet brought significant productivity improvements to the broader economy. The Monetary Authority of Singapore tightened monetary policy in April and July 2026, kept policy unchanged in October, and warned that domestic inflation could remain elevated if the AI boom pushes up unit labor costs.
Ken Griffin: Investors are almost certainly in an AI bubble.
According to a report from BiJie.com, billionaire Ken Griffin said investors are almost certainly in an AI bubble. The remark comes from a Bloomberg report.
Ken Griffin: Investors are almost certainly in an AI bubble
Ken Griffin of Citadel warns that investors are almost certainly in an AI bubble, as companies struggle to turn massive AI spending into measurable productivity gains. With Anthropic reportedly planning to spend $750 billion on computing in the future, questions about the return on AI investment are intensifying. But Griffin remains optimistic about AI's long-term potential.
Musk: AI may pose a threat, but it cannot be stopped.
Benzinga reports that Musk stated that artificial intelligence may pose a threat, but he cannot stop this process. He mentioned that participants must choose to be participants or bystanders.