On October 11, a whale that shorted ETH increased its long position to $200 million, with a floating profit of over $8.18 million.

- The Bank of England (BoE) announced a stablecoin regulatory framework with £20,000 individual and £10M business holding caps to mitigate redemption risks and ensure liquidity. - Systemic stablecoin issuers must hold 60% reserves in UK government debt and 40% in BoE non-interest-bearing accounts, with phased flexibility for new entrants. - The rules, open for consultation until February 2026, aim to balance innovation with stability while aligning with U.S. regulatory speed, despite industry concerns over

- AI sector volatility highlights divergent outcomes as firms adopt agentic AI systems, with SoundHound AI and Rightmove exemplifying contrasting success and risk. - SoundHound AI's Red Lobster partnership and margin improvements reduced risk perception despite high valuation, driving analyst optimism about enterprise AI adoption. - Rightmove's 25% stock plunge followed AI investment plans that slashed 2026 profit forecasts, reflecting investor skepticism toward short-term profitability trade-offs. - C3.ai

- Chinese "Cryptoqueen" Zhimin Qian faces UK sentencing for orchestrating a $6.5B Bitcoin Ponzi scheme targeting 128,000 victims, including elderly investors. - Her Lantian Gerui company used patriotic marketing and false 200% returns promises, with proceeds funding a £17,000/month London mansion and £6B in seized crypto assets. - UK authorities seized 61,000 BTC (worth $6B) and are pursuing asset recovery, as Qian's case highlights risks of unregulated crypto investments amid global regulatory crackdowns.

- Pi Network's Testnet 1 achieves near-zero transaction failures, accelerating Mainnet v23 launch after successful high-volume stress tests. - Price jumps 3.5% as AI integration with OpenMind and decentralized computing prove scalability, while KYC streamlining boosts user onboarding. - Upcoming Mainnet will enable smart contracts and DeFi tools, but faces challenges including 10% price decline and only 296 active nodes currently operational.