October 20, Midday Update 1. Papertrade Founder Responds to PAPER Transfer Ban Controversy: Perpetual Contracts Market Launched Early; Protocol Has Not Yet Addressed Potential Attack Risks; 2. OpenAI Is Said to Be Accelerating Its Efforts to Complete Approximately $30 Billion in Funding, With Valuation Possibly Exceeding $1.4 Trillion; 3. Paragon Has Suspended PAPER Trading and Completed Settlements; All Open Positions Were Settled at $0.026296; 4. Aster Announced Delisting of PAPER Pre-Market Perpetual Contracts; Switched to Reduce-Only Mode; 5. Majie Dage: PAPER May Remain Non-Transferable Long-Term; Holders Currently Can Only Earn Returns Through Fee Income; 6. Among Papertrade’s Top 25 Loss-Makers, 21 Had Combined Trading Volumes Reaching $111.5 Billion; 7. Bitwise CIO: From Overlooked to Optimistic—JPMorgan Expects Bitcoin to Be the Best-Performing Asset Over the Next Decade; 8. Hyperliquid Policy Center Publishes Statement Urging the SEC to Exclude Airdrops From the Definition of Securities; 9. Surge of 104%! Solana Recorded 8.92 Billion On-Chain Non-Voting Transactions in Q3 2026
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