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2026/10/20

Paper Trade Top 25 Losers Stay in the Red Despite USDC Rewards

Huo Xing Finance reports that, according to Lookonchain, as of October 20, among the top 25 largest losers on Papertrade, 21 individuals remained in loss even after receiving USDC rewards, while only 4 achieved overall profitability. Together, they generated $111.5 billion in trading volume and earn

Morgan Stanley Report: Memory Stock P/E Ratio Reaches 2-3x; Cycle Not Entering a Downward Trend

Written by: RitaSK Hynix and Samsung Electronics have fallen more than 50% from their June peaks, resulting in price-to-earnings ratios of only 2 to 3 times based on consensus earnings per share estimates for 2027 to 2028. In a report dated October 16, 2026, Bank of America categorized this valuatio

MSCI to Remove Strategy from Index, Affecting $1.8 Billion in MSTR Holdings

Odaily Planet Daily reports: Market analyst Murphy posted on X that MSCI officially approved new rules on October 15, excluding non-operational companies that do not meet criteria from its global investable market indices. Strategy has already been included in the proposed removal list during prior

Trump Thanks Musk for Plan to Gift SpaceX Shares to U.S. Children

Odaily Planet Daily reports: Trump posted a message thanking Elon Musk, CEO of Tesla and SpaceX, for his plan to gift SpaceX shares to millions of American children through "Trump Accounts," calling Musk his "legendary friend."Trump stated that this move aligns with the original purpose of establish

KOSPI Falls 4.76% Amid Foreign and Institutional Selling

ChainCatcher report: According to foreign media, after two consecutive days of rebound, South Korea’s KOSPI index fell sharply again, plunging as much as 4.76% during trading on October 20 and breaking below the 5,500-point level. The decline was attributed to rising U.S. Treasury yields and weak de

Morgan Stanley Report: Memory Stock P/E Drops to 2-3x; Cycle Not Entering a Downward Trend

Written by: RitaSK Hynix and Samsung Electronics have fallen more than 50% from their June peaks, resulting in price-to-earnings ratios of only 2 to 3 times based on consensus earnings per share estimates for 2027 to 2028. In a report dated October 16, 2026, Bank of America placed this valuation wit

OpenAI Reportedly Rushes to Raise $30 Billion Ahead of Anthropic’s $1.5 Trillion IPO Plan

Reuters reports OpenAI is accelerating a fresh capital raise as rival Anthropic prepares a record-setting public listing.OpenAI is working to close a fundraising round worth roughly $30 billion, according to a Reuters report referenced by CryptoBriefing and Cryptopolitan. The reported push comes as

Trump publicly thanks Musk for the 'nationwide stock drop' to children

Huo Xing Finance reports: On October 20, U.S. President Trump posted a message this morning thanking Musk for the "National Airdrop." Trump stated, "I sincerely thank our legendary friend Elon Musk for generously donating SpaceX shares to millions of American children through the TRUMP account! This

JPMorgan Deploys Deposit Token on Ethereum, Signaling a Major Shift in the Stablecoin Market

Article by Xiao BingOn October 19, JPMorgan announced that its USD-denominated deposit token, JPM Coin (ticker: JPMD), has officially launched on the Ethereum mainnet and is now available to institutional clients.This is not the first time JPMorgan has put money on-chain. Last November, JPMD launche

Earnings from Major U.S. Tech Firms to Test Market Recovery

Huo Xing Finance reports: On Monday, U.S. tech stocks rebounded after a sharp sell-off, but whether the market can truly stabilize depends on whether this week’s earnings reports from major tech companies can demonstrate that the profit potential behind the AI investment boom remains solid. Earnings

Bitcoin, Ethereum, XRP, and Dogecoin Dip Amid Rate Hike Speculation

Bitcoin, Ethereum, XRP and Dogecoin dipped on Monday as investors weighed Federal Reserve Chair Kevin Warsh's latest remarks and the odds of a rate hike. Bitcoin climbed above $83,000 before steadily declining toward $81,000. Ethereum traded between $2,374 and $2,443. XRP and Dogecoin traded lower.C

Elice Shares Tumble 32% on Kosdaq Debut Amid AI Sector Concerns

Elice shares fell 32% to Won61,400 ($46.28) on the tech-heavy Kosdaq on Tuesday, the data centre infrastructure provider's first day of trading in South Korea. The closing price was far below the IPO price of Won90,500. The weak debut added to growing investor concern about AI sector valuations. The

AI sector experiences technical rally following leverage unwinding

On Monday, October 19, the U.S. stock market's Philadelphia Semiconductor Index ended an eight-day losing streak, rallying over 3% intraday and closing up 1.6%.Article author and source: Wall Street JournalThe AI sector experienced a technical rebound on Monday after a new round of intense consolida

Apple's market cap surpasses $5 trillion amid AI sector sell-off

While tech stocks reeled amid the AI panic, Apple quietly reached the pinnacle of history.Article author and source: Wall Street JournalApple's stock strengthened amid last week's market sell-off, with its market capitalization surpassing $5 trillion for the first time, drawing close to NVIDIA's pos

OpenAI Enhances ChatGPT Browser Extension with Cross-Tab Automation

The significance of this leap is moving from "helping you find information" to "doing the task for you."Author and source: AIBaseOpenAI has undergone a major overhaul of the ChatGPT extension for Chrome. This upgrade brings the "Computer Use" capability directly into the most widely used browser env

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